2024 Cost Of Living Increase Percentage. In 2023, it was 8.7%. Social security benefits have been increased by 3.2% for 2024, meaning social security recipients and those on supplemental security income (ssi) will see a 3.2% increase in.

Which followed the 1 per cent increase in prices in the march quarter. How much more money will social security beneficiaries receive in 2024?