Cola Increase 2024 News. The cola increase raises social security payments by 3.2%. More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security.

Since the federal reserve appears to have made progress on the inflation. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.