Social Security Cola 2024. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of. This is significantly lower than the 2023.

Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.