Cola 2024 Increase Announcement Date. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
Ssa calculates the percent change between average prices in the. Starting in january 2024, you’ll notice the cola increase on your monthly checks.