Ssa Cost Of Living Increase 2024 Increase. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. Increased payments to nearly 7.5 million people receiving.

That equates to an average monthly rise of about $55 for all. 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.