Cola Increase 2024 Ssi Calculator. The social security administration has announced that the cola increase for 2024 will be 32%. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.
The social security administration has announced that the cola increase for 2024 will be 32%. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.