Social Security 2024 Cola Increase News. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The social security tax limit was increased by 5.2% in 2024, sending the limit from $160,200 in 2023 to $168,600 in 2024.
Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting. The social security increase last year was 3.2%, down from 8.7% in 2023 โ the highest such raise in 40 years.
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