Social Security Increase 2024 News Update Today. Social security recipients and others on fixed incomes will soon see a slight increase in their monthly benefit checks from the u.s. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.

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. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.