Social Security Increase 2024 Projection. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. How would a 3.2% cola impact social security checks?
At the start of 2024, social security benefits got a 3.2% cola. On average, social security retirement benefits will increase by more than $50 per month starting in.