Social Security Cola Increase 2024 Amount. On average, social security retirement benefits will. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

 — what is the 2024 social security cola increase, and does it affect future retirees? In january 2024, payments rose by 3.2% over 2023, according to the social security.