Cost Of Living Increase 2024 Social Security Benefits. 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. Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients, raising the average monthly check for a single retired worker to.
The average social security benefit will increase about $54 next year, but the. Retirees are looking at an average monthly bump of $48, or an increase of 2.5%, according to projections released on wednesday.