2024 Social Security Cola Forecast 2024. Social security benefits could increase 3.2% in 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in.
It updates the 2024.1 version by updating the projected benefit increases and average wage. Based on the latest inflation numbers, the senior citizens league now predicts the 2024 cola for social security benefits could be 3.1%.