Cola Increase 2024 Social Security 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. For 2024, social security benefits and supplemental security income (ssi) payments.
The latest cola is 2.5 percent for social security benefits and ssi payments. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.