Social Security 2024 Cola Increase History. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Social security colas are determined by third quarter inflation data.


Social Security 2024 Cola Increase History

The first automatic social security cola was 8 percent in 1975. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in.

Social Security 2024 Cola Increase History Images References :