Social Security Increase 2024 News 24. Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
That comes out to $22,980 annually. The 3.2% benefit increase in 2024 raised the average social security check amount by $59 per month.