Social Security Increase Announced For 2024. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security administration. On average, social security retirement benefits will increase by more than $50 per month starting in january.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The acting social security commissioner says a 3.2% increase in benefits next year “will help millions of people keep up with expenses. the increase announced thursday.