Cost Of Living Increase 2024 Ssi. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2%. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025.
More than 70 million americans are set to receive a 3.2% increase on their social security benefits and supplemental security income (ssi) in 2024. Over the last decade the cola increase has averaged about 2.6 percent.
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