Social Security 2024 Increase Amount 2024. In 2024, the annual increase to social security benefits (cola) will be 3.2%. The monthly maximum federal amounts for 2024 are $943 for an eligible.

Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa). Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.