2024 Social Security Increase Projection Chart. Learn what that means and how it could affect you. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.