2024 Social Security Increase Percentage Increase

2024 Social Security Increase Percentage Increase. The social security administration announced its annual cost of living adjustment for 2024. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Washington (ap) — 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.