Social Security Increase 2024 Announcement Meaning. Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday. The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients will begin on december 29, 2023, as.
Here’s when it is and how to prepare. The updated grant amounts for various categories are as follows: