Social Security Cola 2024 Effective Date Extended. The latest cola is 3.2 percent for social security benefits and ssi payments. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

For 2024, social security benefits and supplemental security income (ssi). Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.