Cost Of Living 2024 Social Security Forecasting. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. These estimates are derived from the intermediate assumptions in the 2024 trustees.
Have climbed more than 20%. Using august inflation data, the senior citizens league has estimated the annual raise for social security recipients will be 3.2% for 2024.