Social Security Cola 2024 Increase Percentage Limit. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries.


Social Security Cola 2024 Increase Percentage Limit

For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023). We call this annual limit the contribution and benefit base.

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