2024 Social Security Increase Eligibility

2024 Social Security Increase Eligibility. Over the last decade the cola increase has averaged about 2.6 percent. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration announced.

By providing a substantial raise in benefits, the increase aims. In 2024, the annual increase to social security benefits (cola) will be 3.2%.