2024 Cost Of Living Increase Social Security Calculator. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Beginning in january, benefits will increase by 3.2%, or roughly.

Benefit estimates depend on your date of birth and on your earnings history. Estimate your monthly social security retirement benefit using your age, income and when you want to retire.