Cola 2024 Social Security Increase 2024. 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.

More than 66 million retirement. Millions of social security recipients are in line for the smallest increase in four years, according to the latest cost of living adjustment forecast.