Xena Ameline

Social Security Cola 2024 Increase Percentage Of Income. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. Looking ahead to 2025, current estimates predict a 2.57% increase in the cola.

This year’s cola amounted to an 8.7% bump for social security benefits, as well as supplemental security income benefits — the biggest increase since 1981. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.