What Is The Cola Increase For 2024. The latest cola is 3.2 percent for social security benefits and ssi payments. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. It’s crucial for retirees to understand and keep track of changes to their social security benefits.