2024 Social Security Cola Increase Date July. 10, medicare won't necessarily be ready to announce its standard monthly part b premium. The social security increase for 2024 was 3.2%, but with inflation cooling,.
The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients saw in 2022 and 2023. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.