Social Security 2024 Cola Increase Chart. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. In 2023, they rose a whopping 8.7%.

In 2025, the social security cola may be 2.6%, according to mary johnson, an independent social security and medicare policy analyst. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.