Cola Increase 2024 Value. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. To be 2.5% higher annually by the end of.
In 2024, the cola increase for social security beneficiaries is 3.2%. Social security benefits will increase by 3.2 percent beginning with the december 2023.
