2024 Social Security Increase Amount For Seniors. On average, social security retirement benefits will increase by more than $50 per month starting in. The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023.
Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The 3.2 percent adjustment will amount to a $59 increase in monthly benefits for the.
