Social Security $600 Increase Ssi 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. That adds about $50 monthly to the average retirement benefit consumers.

Ssi benefits increased in 2024 because there was an increase in the consumer price index from the third quarter of 2022 to the third quarter of 2023. The social security administration is implementing the final rule starting sept.