Social Security Increase 2024 News. Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday. The agency announced an 8.7% cost of living increase for.

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. Social security recipients struggling with higher inflation get a major boost in their monthly benefits starting next year.