Social Security Limit 2024 Increase Over 50. 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. In december, 2024's last month of social security payments will still reflect the current cola of 3.2 percent.
71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023. For example, if you retire at full retirement age in 2024, your maximum benefit would be $3,822.
