2024 Social Security Increase Cola By Age

2024 Social Security Increase Cola By Age. The maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023. This adjustment will affect social security retirement, disability, and ssi payments.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security’s full retirement age (fra) will increase next year.