2024 Cost Of Living Increase Social Security Breach. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. How much is the increase:

While social security benefits increased by 58% between 2010 and 2024, the price of products and services bought by average retirees leapt 73%, according to the league. That equates to an average monthly rise of about $55 for all social security.