Social Security Increase 2024 Effective Date November. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. On average, social security retirement benefits will increase by about $50 per month starting in january.

Federal ssi payment levels will also increase by 2.5. This means that more than 71 million americans will see a.