Social Security Increase 2024 Amount Chart. With the increase, the average benefit check will increase $49, rising to $1,907 from this year's $1,858, the agency said. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Experts predict a smaller cola for 2025. The increase will take effect in january 2024 for the more than 66 million social security beneficiaries.