2024 Cola Increase Estimate. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. That would add about $57 to monthly.

It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it. That’s less than half of the previous year’s cola increase.