Social Security Increase 2024 News 2024. Social security recipients are on track to receive the smallest cola increase since the pandemic began in a quirk of the calendar, this vulnerable population is likely to miss out on another. Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting.
Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907. 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 consumer prices.
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