Social Security 2024 Increase 2024. โ here are five important ways social security will be different in 2024. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.
On average, social security retirement benefits will increase by more than $50 per month starting in january. โ 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.