Social Security Cola 2024 Effective Date Extended. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. In addition to a 2024 cola announcement, the ssa will put out a fact sheet.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. If you donโt have an account yet, you must create one by november 14, 2023, to receive the 2024 cola notice online.