Social Security Increase 2024 Update Date. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Each year we review the records for every working social security beneficiary to see if their additional earnings will increase their monthly benefit amount.

For years, social security said haly qualified for an exception to ssi’s earnings limit, called a 1619(b) waiver. Starting in january 2024, you’ll notice the cola increase on your monthly checks.