Ssa Cost Of Living Increase 2024 Update. The cola was 3.2 percent in 2024. Social security checks with the new cost of living adjustment for 2024 have started going out.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The amounts required for updating the 2022 versions of the social security benefit calculator are as follows: