What Is The Social Security Increase For 2024 For Seniors. Retirees likely could be looking at a cost of living adjustment somewhere in the 3% range. This marks a major shift down from the current year's.

The new bill would seek to lessen the strain on people collecting social security by boosting each recipient’s monthly check by $200 — an annual increase of $2,400. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.