Annual Cost Of Living Adjustment 2024 Increase. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.

Increased payments to approximately 7.5 million. With inflation moderating slightly this year over last, many amounts will increase.

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SSA Announces 3.2 Cost of Living Adjustment 2024, Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.

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