Cola Increase 2024 Ssi Benefits. The aarp has estimated an average increase of $59 per month, bringing monthly totals up from $1,848 to $1,907. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

The cola was 3.2 percent in 2024. This is an automatic update and you don’t need to.