2024 Ssi Cola Increase Chart. Social security benefits will increase by 3.2 percent beginning with the december 2023. This is an automatic update and you don’t need to.
The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. The monthly maximum federal amounts for 2024 are $943 for an eligible individual, $1,415 for an eligible individual with an eligible spouse, and $472 for an essential person.