Social Security 2024 Increase Announcement
Social Security 2024 Increase Announcement. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
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. Over the last decade the cola increase has averaged about 2.6 percent.