2024 Social Security Cola Increase Calculator November. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The latest cola is 3.2 percent for social security benefits and ssi payments.
A cola increases a person’s social security retirement benefit by approximately the product of the cola and the benefit amount. — at the start of 2024, social security benefits got a 3.2% cola.