Social Security Increase 2024 Amount Chart For 2024. The bend points in the year 2024 pia formula, $1,174 and $7,078, apply for workers becoming eligible in 2024. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that.
The cola increase raises social security payments by 3.2%. In 2024, the cola increase for social security beneficiaries is 3.2%.