2024 Social Security Increase Letter Template. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. The purpose of colas is to help.
A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. This adjustment will affect social security retirement, disability, and ssi payments.