2024 Social Security Increase News. — the senate appropriations committee on thursday approved $14.7 billion for the social security administration’s expenses — an increase of $509 million over. — in 2023, the social security administration indicated the cola would increase by 3.2% in 2024.
— in january 2024, payments rose by 3.2% over 2023, according to the social security administration. On average, social security retirement benefits will.