Social Security Increase 2024 News Update. The social security administration cannot finalize the 2024 cola without september inflation data, which is scheduled for release on oct. Social security benefits could increase 3.2% in 2024.
2024 marks the third year a retirement check increase has occurred. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.