2024 Social Security Cola Increase Ssi 2024 . Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. For 2024, social security benefits and supplemental security income (ssi) payments will increase by 3.2%.
The roughly 70 million americans who receive social security will see another significant increase to their benefits next year: A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
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