2024 Cost Of Living Increase Social Security 2024. โ seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with.
An increase of $10.30 from $174.70 in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.