Cola 2024 Increase Announcement As Of Today Date. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. 2024's benefit increase is higher than most years, but still lower than what seniors received in 2022 and 2023.

Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. In addition to a 2024 cola announcement, the ssa will put out a fact sheet on other.