Ssa Cost Of Living Increase 2024. The 2025 cola will be announced in october 2024. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

We will announce the next cola in october 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.