2024 Cola Increase For Social Security. How the cola is applied to social security retirement benefits.  — more than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security.

 — the social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that. The latest cola is 3.2 percent for social security benefits and ssi payments.