2024 Social Security Increase 2024 Update. Social security to expand access to ssi program by updating definition of a public assistance household. Social security benefits will rise 3.2% in 2024.
A cola of 3.0% would raise the current average monthly benefit of $1,787.00 by about $53.60, according to the senior citizens league. On april 18, 2024, social security published a final rule, intermediate improvement to the disability adjudication process: