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Social Security benefits will increase by 0.3 percent beginning with the December 2016 benefits, which are payable in January 2017. Federal SSI payment levels will also increase by 0.3 percent effective for payments made for January 2017.
If you're already on Social Security, the number of extra dollars you'll get will depend on the level of your 2013 benefits. But on average, monthly retirement payments will rise from $1,275 to $1,294, an increase of $19, Social Security says. Disabled workers will receive an average of $17 more a month, while the average widowed mother with two children will see her benefits grow by $39 a month.