Cost Of Living 2024 Social Security Forecast. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to fruition would raise an average. Federal ssi payment levels will also.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The social security 2025 cola forecast was recently revised downward.