![Several 100-dollar bills fanned out beneath a US Treasury check and a Social Security card to illustrate SSDI and SSI benefits increasing for millions of recipients in 2024](https://cdn.powa.com/pilzerlaw.com/images/wp-content/uploads/2024/02/100-dollar-bills-us-treasury-check-social-security-card-300x200-300-critical-desktop.jpg.webp)
In 2024, more than 71 million Social Security recipients are set to see a significant increase in their benefits. The Social Security Administration (SSA) has announced a 3.2% cost-of-living adjustment (COLA). This change reflects the rising cost of living and aims to provide enhanced financial support to beneficiaries. This adjustment, based on the Consumer Price …