Social Security Increase 2024 Amount Increase. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. The increase would raise the current $1,920.

71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023. In 2024, the annual increase to social security benefits (cola) will be 3.2%.