Ssa Cost Of Living Increase 2024 Update. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025.
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. It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the.
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