Cost Of Living Increase 2024 Social Security 2024

Cost Of Living Increase 2024 Social Security 2024. Social security recipients received a 3.2% increase in their benefits in 2024, and some retirees are concerned that this year's increase is not big enough to meet their needs. That adds about $50 monthly to the average.

The new amounts, the result of. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.