Cost Of Living Increase 2024 Percentage Formula. This equates to more than. According to the social security administration, the 2024 cola will increase the average monthly ssdi benefit for a disabled worker by $48, from $1,489 to $1,537, starting in.

A cost of living adjustment (cola) is a change in monthly social security benefits that accounts for inflation. According to the social security administration, the 2024 cola will increase the average monthly ssdi benefit for a disabled worker by $48, from $1,489 to $1,537, starting in.