Social Security Increase 2024 Amount. The new cola will take effect in january 2024, and the average retired worker will see his or her benefit amount increase from $1,848 per month to $1,907 per. What is the maximum social security benefit in 2024?
The latest cola is 2.5 percent for social security benefits and ssi payments. To receive the highest social security payout, you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the.