Social Security Cola 2024 Increase In India. The latest cola is 3.2 percent for social security benefits and ssi payments. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.

The social security administration announced that it’s raising benefits to recipients by 3.2 percent in 2024. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.