2024 Social Security Cola Increase Date Extended. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security.

This adjustment will affect social security retirement, disability, and ssi payments. The social security administration announced that it’s raising benefits to recipients by 3.2 percent in 2024.