Cost Of Living 2024 Social Security Estimated Benefits. To put it another way, the average social security beneficiary currently receives $1,872 in monthly retirement benefits. This is no surprise to those who have watched inflation steadily cool.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The average spousal social security benefit as of august 2024 was $910 per month.