Social Security 2024 Cola Increase Chart

Social Security 2024 Cola Increase Chart. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The senior citizens league estimates social security benefits will increase 2.5% in 2025, the smallest cola for retired workers since 2021.

The league’s latest predictions points to a cola of 2.5%, which is slightly lower than its august prediction of 2.57%. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.