Social Security Increase 2024 News Update Today

Social Security Increase 2024 News Update Today. In january 2024, payments rose by 3.2% over 2023, according. Americans are set to receive a social security check worth up to $4,800 today, but not all seniors are happy about the increase in monthly payments.

The adjustment is far lower than the 8.7% benefit boost for 2023. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.