2024 Social Security Increase Percentage Calculator. The annual adjustment declined sharply last year in tandem with cooling inflation. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

The amounts required for updating the 2022 versions of the social security benefit calculator are as follows: That’s a considerably lower bump than the 2023 cola of 8.7 percent.