Social Security Cola 2024 Announcement Dates In India. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. While social security payouts get larger each year thanks to the cola, a recent survey by tscl found 55% of retirees have more than $2,000 in monthly.

Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.