2024 Social Security Increase Amount. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Estimate your monthly social security retirement benefit using your age, income and when you want to.
A 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.