Social Security Increase 2024 Increase Calculator. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. For security, the quick calculator does not.
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. How much is the increase: