2024 Social Security Increase 2024 Increase. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.

11 rows the awi is used to index an individual’s earnings through age 60 in the benefit. The latest cola is 2.5 percent for social security benefits and ssi payments.