2024 Cost Of Living Increase Social Security Benefits

2024 Cost Of Living Increase Social Security Benefits. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.