Social Security Cola 2024. That was the highest annual increase since 1981. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.