Social Security Benefit Amounts For 2024 Increase

Social Security Benefit Amounts For 2024 Increase. After the 2.5% increase, that will rise to. The percentage change is the cola for the following year, typically announced in october.

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 maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023.