2024 Social Security Increase Letter. Here are five important ways social security will be different in 2024. For 2024, social security benefits and supplemental security income (ssi) payments will increase by 3.2%.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.