Cost Of Living Increase 2024 Social Security. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2%. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa).

He is a former editor of the prague post and baltimore city paper. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.