Social Security Increase 2024 Update

Social Security Increase 2024 Update. The 2025 cost of living increase (cola) will almost certainly be lower than the 3.2 percent increase offered to those receiving social security benefits in 2024. The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation.


Social Security Increase 2024 Update

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. On average, social security retirement benefits will increase by more than $50 per month starting in january.

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