Social Security Cola 2024 Letter Format. The 2024 social security cola is 3.2%. Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.