Cola Increase 2024 Newsletter. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. Experts predict a smaller cola for 2025.

Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Last year cola had an increase of 8.7%, the highest since july 1981.