So, You think your government is looking out for us, Not! They just reported the latest COLA increase for 2024 SSI benefits, due late December of this year, which is an approx increase of $58.00 But, it’s also reported, that Food, Rent, ext. cost of living increased 10% but, there is a catch!, actually, 2 catches! Social security benefits, part B plan is expected to increase and if you make more than 25,000 yearly at the end of the year, single, and couples filing jointly more than 32,000 yearly will pay higher Federal income taxes. the smoking mirrors trick! What happened to the $200.00 Joe.