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.


Social Security Increase 2024 Update News

Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ€” 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.

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