2024 Social Security Cola Increase Ssi Increase. This is an automatic update and you don’t need to. More than 66 million retirement beneficiaries will see the 3.2% cola beginning in january 2024, the ssa said in a press release, and about 7.5 million.
Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. Each year, social security bases the cola on changes in the consumer price index.