Cola Increase 2024. The social security cola for 2024 is 3.2%. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.

There was a 2.9% increase in july, the labor department reported wednesday that the august figure rose at an annual rate of 2.5%, although the inflation. Social security benefits increased 3.2% in january 2024.