Social Security Increase 2024 Calculator With Inflation

Social Security Increase 2024 Calculator With Inflation. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. The social security administration will raise benefits by 3.2% starting in january, equal to a $57.30 boost to the typical monthly payment of $1,790.