Social Security Cola Increase 2024 Amount. — social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The social security increase for 2024 was 3.2%, but with inflation cooling,.
— there’s a good chance 2025’s social security cola will be smaller than 2024’s. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.