Social Security Increase 2024 Announcement Date. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. The social security administration (ssa) is set to reveal the cola increase for 2025 in october 2024, and it’s expected to be around 2.5%, a modest adjustment.

Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024. 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.