Social Security Press Release 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.

Social security announced it will decrease the default overpayment withholding rate for social security beneficiaries to ten percent (or $10, whichever is greater) from 100. Increased payments to approximately 7.5.