Ssa Cost Of Living Increase 2024 Update. Social security checks with the new cost of living adjustment for 2024 have started going out. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.
Increased payments to nearly 7.5 million people receiving ssi will begin on december 31, 2024. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.