How Much Will Social Security Increase 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

This is an automatic update and you don’t need to. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.