Social Security Increase 2024 Projection. The cola was 3.2 percent in 2024. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The cola was 3.2 percent in 2024.