Social Security 2024 Increase Announcement In India. Looking at the basic cpi rates versus the social security cola rates shows mixed results for the cola compared to the cpi in recent years: Social security and supplemental security income (ssi) benefits for approximately 70 million americans will increase 3.2% starting in january 2024.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. If verified, this would result in an extra $50 per month on average for social security beneficiaries.