2024 Social Security Increase 2024 Lok. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.