Cola Increase 2024 Ssi Increase. The cola for 2024 is 3.2%. “social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of social security.

A cola increase of 2.5% would raise the average monthly benefit payment to $1,968, an. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.