Social Security Increase 2024 Update. Including how we consider past work.” the final rule announces updates that will improve the application process for disability benefits and reduce the time applicants wait for a decision. Social security beneficiaries can thank the soaring 2022 inflation rate for their bigger payments this year.

Social security benefits will rise 3.2% in 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.