Cola Increase 2024 Inflation

Cola Increase 2024 Inflation. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023.

As a result, benefits will rise by 3.2 percent starting in 2024. The average monthly retirement benefit will increase from $1,848 to $1,907, and the average benefit.