Potential Cola Increase For 2024. The latest cola is 3.2 percent for social security benefits and ssi payments. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Here’s how to make the most of those changes for 2024. We will have to wait until october to know the exact figure for the 2025 social security cola.