Social Security 2024 Increase Announcement 2024. From the annual cost of living adjustment (cola) to changes in taxable maximums and maximum benefits, medicare premiums, and the number of states that. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

How much is the increase: 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.