What Will The 2024 Cola Increase Be. What could cola increase be in 2025? The cola increases social security payments to help benefits keep pace with inflation.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.