Norah Annelise

Cola 2024 Social Security Increase Updates. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

Each year, social security bases the cola on changes in the consumer price index. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,.