Social Security Cost Of Living Increase 2024. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are payable in january 2025. This adjustment will affect social security retirement, disability, and ssi payments.

Here’s how much more money you will start getting in january. Americans receiving social security will see their checks increase next year by 2.5% per month, which translates to just about $50 for the average recipient.