Social Security Increase 2024 Increase Schedule

Social Security Increase 2024 Increase Schedule. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. The 2024 retirement benefits will increase by more than $50 per month, the social security administration said.

How much will my social security payment be with the 2024 cola increase? In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.