Social Security Payments 2024 Increase For Seniors. The 2.5 percent increase will mean a benefit recipient receiving $1,870 per month from the ssa will see their monthly amount rise about $46.80 next year, according to. The new social security checks will be boosted by the 2024 cost of living adjustment (cola), meaning.
Multiply any amount over $1,174 up to $7,078 by 32%. Seniors and other recipients will get an increase of 3.2%, a much smaller boost than the 2023 and 2022 increases of 8.7% and 5.9%, respectively.