Will Ss Get A Cost Of Living Increase In 2024. Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

How much is the increase: The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2%.