Cola 2024 Increase Announcement. The increase will appear in checks paid on august 1. The 2024 cola will be 3.2%, the social security administration announced thursday.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are.