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Social Security update: Direct payment benefits to increase by 3.2% in 2024 due to inflation

By Brady Knox
Published October 12, 2023 1:49pm ET
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Social Security update: Direct payment benefits to increase by 3.2% in 2024 due to inflation
FILE - In this Feb. 11, 2005 file photo, trays of printed social security checks wait to be mailed from the U.S. Treasury's Financial Management services facility in Philadelphia. For the second straight year, millions of Social Security recipients can expect an historically small increase in benefits come January 2014. (AP Photo/Bradley C. Bower, File) | Bradley C Bower

The Social Security Administration announced a 3.2% increase in benefits in 2024.

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Money Personal Finance Social Security Social Security Administration