Social Security Cola Increase 2024 Amount. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. In 2024, the cola increase for social security beneficiaries is 3.2%.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.