2024 Social Security Cola Increase Update In India. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. A 3.2% increase would be significantly higher than the 2.6% average increase beneficiaries have received over the.

What will social security be worth in 2024? Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.