Social Security Increase 2024 Announcement Ho. The official 2024 social security cola announcement is set for thursday, oct. On average, social security retirement benefits will increase by more than $50 per month starting in january.
The monthly maximum federal amounts for 2024 are $943 for an eligible individual, $1,415 for. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as.