What Is The Social Security Increase For 2024 Based On Income. Ssa calculates the percent change between average prices in the third. The august 2024 consumer price index report shows a 2.5% increase in average prices over the last 12 months, down from 2.9% in july.
Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. How much is the increase: