2024 Cost Of Living Increase Social Security Increase

2024 Cost Of Living Increase Social Security Increase. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The cola was 3.2 percent in 2024.