2024 Ssi Cola Increase Amount

2024 Ssi Cola Increase Amount. When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about $1,880 — a $58 increase. In 2024, the annual increase to social security benefits (cola) will be 3.2%.

Still, next year’s cost of living allowance (cola) adjustment is projected to be 3.2%. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.