Social Security Increase 2024 Increased Vertaling. Washington (ap) — 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 prices. In 2024, the annual increase to social security benefits (cola) will be 3.2%.
The cola increase raises social security payments by 3.2%. On average, social security retirement benefits will increase by more.