Zenia Kellyann

2024 Social Security Increase News 2024. 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. The social security fairness act was estimated to cost $196 billion across 10 years.

A cola of 3.2% would raise it by $57.34 a. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security.