Social Security 2024 Increase Announcement. This is the announcement seniors have been waiting for. 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.

This is the announcement seniors have been waiting for. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.