Social Security Increase 2024 Increase Date. The latest cola is 3.2 percent for social security benefits and ssi payments. In 2024, the annual increase to social security benefits (cola) will be 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. Beginning in january, benefits will increase by 3.2%, or roughly $58 a month for the average retiree.