2024 Cost Of Living Increase California 2024. More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.
Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. โ starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907.