Social Security Increase 2024 Estimate. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

A 2.5 percent increase would raise the average social security payment for retired workers from $1,920.48 (as of august 2024) to $1,968.49 in 2025, an. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about.