Social Security Increase 2024 Announcement Time. That adds about $50 monthly to the average. Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.