Social Security Cola 2024 Adjustment Calculator. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. We will announce the next cola in october 2024.

Payments could rise by as much as $84.6 million per month in total with new cost of living adjustment for 2025. We will announce the next cola in october 2024.