What Is The New Cola Increase For 2024. Ssa calculates the percent change between average prices in the third. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907. Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices.
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