Social Security 2024 Cola Increase Payments. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The average social security benefit is about $1,700 a month, according to the ssa.


Social Security 2024 Cola Increase Payments

The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. This adjustment will affect social security retirement, disability, and ssi payments.

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