2024 Social Security Cola Increase Update. How much is the increase: Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
A recent estimate by the senior citizens league puts the 2025 social security cola at an increase of 2.63% over 2024. Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%.