Cola Increase 2024 Ssi Price. The ssa sends cola notices. The social security 2024 cola increase took effect in january 2024 and translated to an average increase of $59 per month for people receiving social security.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Johnson predicted a benefit recipient receiving $1,870 per month from the social security administration (ssa) would see their monthly payment rise by about.