2024 Social Security Increase Dates Increase. Social security benefits will increase in 2024. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The 2023 increase was a historic 8.7%.