Social Security Fact Sheet 2024. 2024 social security changes fact sheet. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. On average, social security retirement benefits will increase by more than $50 per month starting in january.