Social Security Benefits Update 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Around 7.4 million americans rely on ssi to help cover their expenses in addition to social security.

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 beneficiaries who are.