Bunnie Cathrin

Government Cola Increase 2024. An average monthly benefit will increase by more than $50, from $1,841 to $1,900 per month. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Social security recipients will receive a 3.2% cola adjustment in 2024 as determined by the consumer price index (cpi) upward trend. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.