How Much Will Social Security Increase 2024 Per Month. On average, social security retirement benefits will increase by more. That adds about $50 monthly to the average retirement benefit consumers will.

The maximum benefit for a retired worker who claims at full retirement age will go up to $3,822 per month in 2024, up from $3,627 per month in 2023. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.