Social Security Cola 2024 Effective Date In India. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi,.

In january 2024, payments rose by 3.2% over 2023, according. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.