2024 Social Security Cola Increase Ssi Increase. The average monthly social security benefit today is about $1,920. The answer depends on when you start claiming benefits.
“social security and ssi benefits will increase in 2024, and this will help millions of people keep up with expenses,” said kilolo kijakazi, acting commissioner of social security. And if 2025’s social security cola ends up being 2.5%, that results in an average increase.
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