Cost Of Living Increase 2024 Social Security Systems

Cost Of Living Increase 2024 Social Security Systems. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%.

The cola was 3.2 percent in 2024. Social security recipients received a 3.2% increase in their benefits in 2024, and some retirees are concerned that this year’s increase is not big enough to meet their needs.