Social Security 2024 Cola Estimate News. The new cola will go into effect in january for most social security recipients, with the notable exception of supplemental security. The social security administration announced its annual cost of living adjustment for 2024.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Since 2000 โ a span of 23 years โ the cola has been less than 3% a total of 16 times, according to the social security administration.