Social Security Cola 2024 Increase Percentage Increase. Ssi payment rates increase with cola. Social security cola increase could be around 3.2% in 2024, based on latest data.
Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024. In 2024, the standard monthly medicare part b premium increased from $164.90 to $174.70.