Cost Of Living 2024 Social Security Increase 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. On average, social security retirement benefits will.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. This is an automatic update and.