Cola Increase 2024 Newspaper. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The average beneficiary will see a $54 increase in their benefit amount.