Social Security Increase 2024 Update Date. This year, more than 71 million social security recipients will see a 3.2% increase in their checks. More than 71 million americans will see a 3.2% increase in their social security checks in 2024.

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. Checks are disbursed on scheduled wednesdays each month, so when you get the first increased check depends on your birth date and when you started receiving social.