Social Security For 2024 Increase. 2024's benefit increase is higher than most years, but still lower than. In 2023, the cola increased by 8.7%, its largest increase since 1981.
This will help to support households that need it most, including disabled people, unpaid carers and people on low incomes. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.
