2024 Social Security Cola Increase Update 2024. Beginning in january 2024, checks reflecting those increases. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

 — social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. That adds about $50 monthly to the.