Social Security Cola 2024 Adjustment Table. The latest cola is 2.5 percent for social security benefits and ssi payments. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

On average, social security retirement benefits will increase by about $50 per month starting in january. The average social security benefit, as of august 2023, was $1,705.79;