2024 Social Security Increase Colada. The latest cola is 3.2 percent for social security benefits and ssi payments. This adjustment will affect social security retirement, disability, and ssi payments.

 — in 2023, the cola increased by 8.7%, its largest increase since 1981. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.