Grants For Non2024 Cost Of Living Increase Social Security. Social security's 2024 cola will lift the average monthly benefit for workers with disabilities and survivor beneficiaries by $48 and $47, respectively, leading to average payouts. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

The nation’s 72 million social security recipients are just days away from getting a boost to their monthly benefits. That adds about $50 monthly to the average retirement benefit consumers will receive beginning in january.