Social Security 2024 Increase Amount

Social Security 2024 Increase Amount. The increase amount for 2024 is far lower than 2023’s 8.7% or 2022’s 5.9%, but still provides recipients with a nice “raise” in the next year. With the increase, the average benefit check will increase $49, rising to $1,907 from this year's $1,858, the agency said.

The consumer price index — the. In 2024, the annual increase to social security benefits (cola) will be 3.2%.