2024 Social Security Cola Adjustment

2024 Social Security Cola Adjustment. Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 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.

How the cola is applied. This adjustment will affect social security retirement, disability, and ssi payments.