Social Security 2024 Increase Announcement. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
The cola for 2025 will be announced in october 2024, based on data from july to september. The labor department will publish.