Social Security will go up by 3.2% in 2024, not as large as recent years, but something none the less.
Increases are based on the CPI ( Consumer Price Index) which for the longest time was the same basket of goods, but not anymore, there are four different CPI indexes that are looked at and used to determine if there will be increases or not.
The recent increase was based on the CPI-U, prices for urban dwellers. Two everyday factors that do not carry as much weight in the CPI-U are food and fuel, items that most of us, as suburban dwellers, spend a lot of money on.
I truly wish that a broad based CPI was used consistently to reflect how the majority of Americans spend their money vs picking what best suit the narrative.