Cost Of Living Increase 2024 Social Security. Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year. Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday.
Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase by 2.5% in 2025. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.