2024 Social Security Increase 2024 Increase. As of december, about 1% of all social security beneficiaries — or 745,679 individuals — were affected by the gpo, according to the congressional research service. Their social security benefit checks may be increasing.
Over the last decade the cola increase has averaged about 2.6 percent. 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 moderating consumer prices.