New Social Security Increase For 2024. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. In 2023, retirees received a 3.2% increase in their social security benefits.
Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting. On april 18, 2024, social security published a final rule, intermediate improvement to the disability adjudication process: