Social Security 2024 Increase Amount Of Income. Social security administration research, statistics, and policy analysis. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

Social security benefits will rise 3.2% in 2024. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.