Ssa Cost Of Living Increase 2024 Update. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Federal ssi payment levels will also increase by 2.5.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the.