2024 Cola Prediction Social Security Benefits. Most americans cheer cooling inflation, but social security recipients worry cola for 2024 could end up less than a third of 2023's 8.7% increase. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

The latest cola is 3.2 percent for social security benefits and ssi payments. 14 statement from the senior citizens league (tscl), the cola will be much lower in 2025 than the current 3.2% adjustment — it’s predicting.