Social Security Increase 2024 Announcement Pdf. The increase of 3.2% is designed to provide benefit recipients with a cola commensurate with overall inflation. 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.
The roughly 70 million americans who receive social security will see another significant increase to their benefits next year:. The increase amount for 2024 is far lower than.