Social Security Cola 2024 Announcement July. 12 is apt to be a big day for anyone who collects social security. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
โ the cola for 2025 will be announced in october 2024, based on data from july to september. So you’ll need to wait on that medicare.