Social Security Increase 2024 Cola Increase

Social Security Increase 2024 Cola Increase. Analysts estimate that the maximum. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation.

The maximum amount of earnings subject to social security payroll taxes was $168,600 for 2024, up from $160,200 in 2023. The adjustment is far lower than the 8.7% benefit boost for 2023.