2024 Social Security Increase Percentage Increase. 5.8 million people were newly awarded social security. As part of its ongoing commitment to providing financial security to retired older americans, disabled individuals, and survivors, the social security administration.
Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients, raising the average monthly check for a single retired worker to. The social security administration announced thursday the 2025 cola will be 2.5%, down from 2024’s 3.2% increase.