Social Security Cola 2024 Benefits Cola. The cola increase raises social security payments by 3.2%. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of social security.
More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security. The average social security benefit, as of august.