Cola Increase 2024 Ssi Rate

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

The average monthly retirement benefit will increase from $1,848 to $1,907, and the average benefit for disabled workers will go up from $1,489 to $1,537, according to the ssa. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.