Social Security Cola 2024 Benefits Increase. This is an automatic update and you don’t need to. 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. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries.