Social Security Monthly Payments 2024 Increase. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. For example, if you are eligible for $1,000 per month in social security payments at your full retirement age of 67, you could increase your social security benefit to $1,240 per.
Publications > schedule of social security payments. That adds about $50 monthly to the average.