2024 Social Security Cola Increase Ssi Benefits
2024 Social Security Cola Increase Ssi Benefits. More than 70 million americans are set to receive a 3.2% increase on their social security benefits and supplemental security income (ssi) in 2024. This is an automatic update and you don’t need to.
The social security administration says that will raise average monthly payments by more than $50. The 2024 cola was 3.2 percent, while seniors saw a boost as high as 8.7 percent in 2023.