2024 Social Security Increase Eligibility Age Limit

2024 Social Security Increase Eligibility Age Limit. The maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023. The 2024 cola for social security will rise 3.2% for most recipients beginning in january 2024.² this is still a relatively substantial increase compared to most adjustments.

The maximum benefit for a worker who claims social security at full retirement age (fra) in 2024 will be $3,822 a month, up from $3,627 in 2023. (we deduct $1 from benefits for each $3 earned over $59,520 until the month the worker turns “full” retirement age.)