Cola 2024 Increase Announcement. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Experts predict a smaller cola for 2025.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Here’s when it is and how to prepare.