Social Security Cost Of Living Increase 2024 Update. That adds about $50 monthly to the. In 2024, the annual increase to social security benefits (cola) will be 3.2%.
Ssi beneficiaries who also receive social security benefits generally receive their social security payments on the third of the month. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.
