Social Security Increase 2024 Announcement. We will announce the next cola in october 2024. However, the three most recent colas —5.9% in 2022, 8.7% in 2023, and 3.2% in 2024—have notably increased social security payments.
In june 2024, there were 1.4 million unemployed people, an increase of 42,000 (+3.1%) from the previous month. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration announced today.
