Catie Daniela

Cost Of Living Increase 2024 Social Security Increase. Senior citizens are getting a much smaller raise in 2024 than they did in 2023. Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5% in 2025, the social security administration announced today.

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. Senior citizens are getting a much smaller raise in 2024 than they did in 2023.