Social Security Increase 2024 Calculator With Inflation. The social security administration will raise benefits by 3.2% starting in january, equal to a $57.30 boost to the typical monthly payment of $1,790. Social security benefits will increase by 2.5 percent beginning with the december 2024.

Inflation cooled considerably in 2023, but consumer prices still went up,. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.