2024 Social Security Increase Amount 2024. Here’s the inflation breakdown for september 2023 — in one chart. 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 with inflation, the social security administration.
In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Exempt amounts for 2024 we determine the exempt amounts using procedures defined in the social security act.