2024 Social Security Increase Percentage Increase. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. — the social security 2024 cola increase took effect in january 2024 and translated to an average increase of $59 per month for people receiving social security.
— social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. On average, for every 1.