Social Security Fact Sheet 2024. On average, social security retirement benefits will increase by more. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

3, the law would boost social security payments to more than 2 million beneficiaries, according to the. For 2024, the social security wage cap will be $168,600, and social security and supplemental security income (ssi) benefits will increase by 3.2 percent.