Cost Of Living Increase 2024 Social Security. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
In 2024, the cola increase for social security beneficiaries is 3.2%. The average beneficiary will see a $54 increase in their benefit amount.