Social Security Payments 2024 Increase

Social Security Payments 2024 Increase. Social security payments are issued monthly to recipients, and in december another round of payments will reach tens of millions of claimants across the country. Social security payments will surge by 64.8% in 2024, offering a major boost for retirees and disabled recipients.

Social security and supplemental security income (ssi) benefits for approximately 70 million americans will increase 3.2% starting in january 2024, far less than the previous. In december, 2024’s last month of social security payments will still reflect the current cola of 3.2 percent.