2024 Social Security Increase Amount Chart. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The latest cola is 2.5 percent for social security benefits and ssi payments.
Here’s the inflation breakdown for september 2023 — in one chart. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.