Social Security Increase 2024 Update News. Social security benefits increased 3.2% in january 2024. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. Congress could remove provisions that reduce social security benefits for tens of thousands of people in connecticut who worked in public service like teachers,.