Potential Cola Increase For 2024

Potential Cola Increase For 2024. According to the social security administration, the 2024 cola will increase the average monthly ssdi benefit for a disabled worker by $48, from $1,489 to $1,537,. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Looking ahead to 2024, beneficiaries are keen to understand how much the social security cola could increase their monthly payments. That’s down from the 3.2%.