2024 Social Security Increase Rate Chart. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are. The acting social security commissioner says a 3.2% increase in benefits next year “will help millions of people keep up with expenses. the increase announced thursday is far less than this year’s historic boost and reflects.

In 2023, social security’s 66.4 million beneficiaries enjoyed a historic increase to their monthly check. 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.