New Social Security Cola 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

That adds about $50 monthly to the. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).