2024 Social Security Cola Increase Disability. The ssa sends cola notices. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.
The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. Retirement and disability benefits will increase by 3.2% and more than $50 a month on average starting in january, the social security administration announced thursday.