2024 Cola Increase Ssi. The latest such increase, 3.2 percent , becomes effective january 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.
Experts predict a smaller cola for 2025. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.