2024 Social Security Cola Increase Date November. 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 ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo.

In january 2024, payments rose by 3.2% over 2023,. In addition to a 2024 cola announcement, the ssa will put out a fact sheet on other.