Social Security 2024 Increase Announcement. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

However, the three most recent colas —5.9% in 2022, 8.7% in 2023, and 3.2% in 2024—have notably increased social security payments. At this point, 2024 cola estimates are generally.