Cola Increase 2024 Inflation. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. But it’s still below the 3.2% increase afforded to social security recipients in 2024, and nowhere near the 8.7% and 5.9% increases for 2023 and 2022’s recipients,.


Cola Increase 2024 Inflation

Assuming there are no major fluctuations in inflation in september, the 2024 social security cola will likely be in the 3% range. A cola changes benefits based on changes in consumer prices.

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