Cola 2024 Increase Announcement As Of Today. “social security and ssi benefits will increase in 2024, and this will help millions. The cola takes effect the second calendar year after retirement to help retirement benefits keep up with the rate of inflation.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. That adds about $50 monthly to the.