Social Security Increase 2024 News Update

Social Security Increase 2024 News Update. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices. The social security administration will use this inflation data.

Social security administration launches online performance tracker for customer service priorities. In 2024, social security recipients received a benefit increase of 3.2%, raising the average retiree benefit by $59 per month.