Social Security Cost Of Living Increase 2024. 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. Social security benefits are on pace for a 3% cola in 2024.

The nation’s 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. What could cola increase be in 2025?