Social Security Increase 2024 Estimate. How much is the increase: The average benefit for all retired workers will be $1,907 in 2024, up from $1,848 in 2023, according to the social security administration.
There was a 2.9% increase in july, the labor department reported wednesday that the august figure rose at an annual rate of 2.5%, although the inflation. Social security administration office is pictured on november 5,.