Cola Increase 2024 Ssi. The updated amounts will take effect in december, with recipients seeing the increase in their january payments. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

What is the social security 2024 cola increase? More than 70 million americans are set to receive a 3.2% increase on their social security benefits and supplemental security income (ssi) in 2024.