Social Security Cola 2024 Adjustment Chart. We will announce the next cola in october 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The social security administration says that will raise average monthly payments by more than $50.