2024 Social Security Increase Letter Template. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration. Social security announces 2.5 percent benefit increase for 2025.

Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. That adds about $50 monthly to the average retirement benefit.