Social Security Increase 2024 600 Crore. Millions of social security recipients will get a 3.2 percent increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating. Social security benefits will increase by 3.2 percent beginning with the december 2023.
In 2024, the annual increase to social security benefits (cola) will be 3.2%. Here are five important ways social security will be different in 2024.