Social Security Increase 2024 Projections 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. This adjustment will affect social security retirement, disability, and ssi payments.

But 2024’s cola is shaping. In 2024, the annual increase to social security benefits (cola) will be 3.2%.