Ssi Cost Of Living Increase 2024. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025. Social security benefits will increase by 2.5 percent beginning with the december 2024.

It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the gradual decrease. On average, social security retirement benefits will increase by more.