Social Security Cola 2024 Adjustment Plan. As it does each year,. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
The percentage difference between the two is the amount of the cola, which would be payable for the check received in january 2024. What is the 2024 social security cola increase, and does it affect future retirees?