2024 Social Security Cola Increase Date. The increase will begin with benefits received in january 2024 for social security and in december 2023 for ssi. Learn how the 3.2% cola increase in 2024 affects ssdi, ssi, retirement, and va disability benefits.
The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients saw. The cola will be applied to veteransโ benefits, retirement pay and medicare.