2024 Social Security Cola Increase Ssi 2024

2024 Social Security Cola Increase Ssi 2024. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

This Means That More Than 71 Million Americans Will See A Change In Their Benefit Payments.

A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

How Much Is The Increase:

The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.