Social Security 2024 Increase Announcements. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The new changes affect supplemental security income, or ssi, which provides more than 7 million americans with monthly benefit checks.
Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. It would allow the social security administration to continue making all payments on time and in full through 2054 — 20 years longer than the current projection.
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