Changes To Social Security Payments 2024 Increase. Increased payments to nearly 7.5 million people receiving ssi will begin on december 31, 2024. Social security recipients received a 3.2% increase in their benefits in 2024, and some retirees are concerned that this year’s increase is not big enough to meet their needs.

The acting social security commissioner says a 3.2% increase in benefits next year “will help millions of people keep up with expenses. the increase announced thursday. At this point, 2024 cola estimates are.