Social Security Cost Of Living Increase 2024 In. On average, social security retirement benefits will increase by more. Federal ssi payment levels will also increase by 2.5.
Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907. The average beneficiary will see a $54 increase in their benefit amount.