2024 Social Security Increase Notification. Lawmakers take aim at credit card debt, interest rates, fees. All monthly social security and supplemental security income (ssi) benefits for more than 70 million americans will increase 1.3 percent in 2021.
In 2024, the annual increase to social security benefits (cola) will be 3.2%. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.