Cola 2024 Increase Announcement. Over the past 20 years, the average social security cola has been 2.6%. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

That would add about $57 to. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration.