Cola 2024 Increase Announcement. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. The increase is much lower than the.