2024 Social Security Increase. This adjustment will affect social security retirement, disability, and ssi payments. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

How much will my social security payment be with the 2024 cola increase? More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s cost.