Ssi Cost Of Living Increase 2024

Ssi Cost Of Living Increase 2024. Since 1975, social security's general benefit increases have been based on increases in the cost of living, as measured by the consumer price index. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's.

Supplemental security income, or ssi, beneficiaries started receiving increased benefits for 2024 in december. The cola was 3.2 percent in 2024.