Social Security Administration 2024 Raise

Social Security Administration 2024 Raise. 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. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security administration.

Now that the house of representatives approved the social security fairness act, millions could be able to get higher social security benefits. This cola is much lower than the 8.7% retirees.