Cola 2024 Ssi. The 8.7% cola increase has exceeded the actual rate of inflation in every month so far this year by an average of 2.6%. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

Given the recent high cola of 8.7% in 2023 and the anticipated lower increase in 2024, individuals nearing retirement should weigh the benefits of claiming. That adds about $50 monthly to the.