Social Security Increase 2024 Amount Chart. Social security administration research, statistics, and policy analysis. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.