Percentage Of Cost Of Living Increase 2024. In january 2024, payments rose by 3.2% over 2023, according to the. Increased payments to approximately 7.5.

More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, the social security. Those credits will increase your monthly benefit by 2/3 of a percentage point for each month you delay up until age 70.