Social Security 2024 Cola Estimate Increase. The social security administration announced its annual cost of living adjustment for 2024. 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 and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,.