Social Security 2024 Cost Of Living Increase. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. In january 2024, payments rose by 3.2% over 2023, according.

For someone with an fra of 67 earning the average $1,919 monthly social security benefit as of july 2024, suspending social security benefits for three years. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.