Social Security Increase 2024 $200 20200 Increase . The nation's 72 million social security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation. Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients, raising the average monthly check for a single retired worker to $1,907, up $59 from $1,827 this year.
The social security administration will use this inflation data. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.
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