Social Security For 2024 Increase. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher 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. Federal ssi payment levels will also increase by 3.2 percent effective for payments made for january 2024.