Ssa Cost Of Living Increase 2024. 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 benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.

Projected effects of proposal on social security benefits in 2030 population: It’s a smaller bump than the 8.7% cola increase beneficiaries received for this year, reflecting the.