2024 Social Security Cola Increase. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.