How Much Is The Increase For Social Security For 2024. Over 70 million americans who receive social security or supplemental security income (ssi) benefits will see a 3.2% cost of living adjustment. On average, social security retirement benefits will increase by more.
The average social security check will increase by about $55, from $1,705.79 in 2023 to $1760.37 in 2024. That equates to an average monthly rise of.