Social Security Cola 2024 Effective Date Extended. 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 said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29,.

The social security increase for 2024 was 3.2%, but with inflation cooling,. Starting in january 2024, you’ll notice the cola increase on your monthly checks.