2024 Cost Of Living Increase Social Security. Learn how to check your new benefit amount online, sign up for. Learn how cola is calculated based on the.

Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday. Social security benefits and ssi payments will increase by 3.2% in 2024, based on the consumer price index.