2024 Cost Of Living Increase. Increased payments to nearly 7.5 million ssi recipients will begin on december 31, 2024. 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 new amounts, the result of the agency’s annual. Increased payments to nearly 7.5 million ssi recipients will begin on december 31, 2024.