Cola Increase 2024 Ssi Benefits. The average social security benefit is about $1,700 a month, according to the ssa. In january 2024, payments rose by 3.2% over 2023,.
As a result, benefits will rise by 3.2 percent starting in 2024. Increased payments to approximately 7.5 million people receiving ssi will begin on december 29, 2023.