Social Security Increase 2024 Update News
Social Security Increase 2024 Update News. Social security announces 2.5 percent benefit increase for 2025. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments 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. The new changes affect supplemental security income, or ssi, which provides more than 7 million americans with monthly benefit checks.