Ssa Cost Of Living Increase 2024. It's a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.
For 2024, social security benefits and supplemental security income (ssi) payments will increase by 3.2%. On average, social security retirement benefits will increase by more than $50 per month starting in january.