Social Security Increase 2024 In June . Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.
A 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024. This adjustment will affect social security retirement, disability, and ssi payments.
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