Social Security Increase 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.
The social security administration is set to implement new rules to make it easier for beneficiaries to access certain benefits and increase the payments some may. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.