Ssi Payment 2024 Increase In India. The latest cola is 3.2 percent for social security benefits and ssi payments. That adds about $50 monthly to the average retirement benefit consumers.

Ssi benefits increased in 2024 because there was an increase in the consumer price index from the third quarter of 2022 to the third quarter of 2023. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.