Social Security Increase 2024 Update Today. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Cola for 2024 is 3.2%.

There was a 2.9% increase in july, the labor department reported wednesday that the august figure rose at an annual rate of 2.5%, although the inflation. That adds about $50 monthly to the.