New Social Security Increase For 2024. This followed a 5.9% increase in 2022, which was the highest in four decades at the time it was issued. This means high earners with incomes topping $160,200 will be.
The most a person who retires at age 70 in 2024 will receive from the government is $4,873. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.