Social Security Cola Increase 2024 Forecast

Social Security Cola Increase 2024 Forecast. The latest cola is 3.2 percent for social security benefits and ssi payments. Social security benefits will increase by 3.2 percent beginning with the december 2023.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Though prices rose last month, the 2025 cost of living increase (cola) will likely be lower than the 3.2 percent increase offered to those receiving social security benefits in.