Social Security Increase 2024 Bill Gates. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. This legislation would ensure that the social security trust fund remains solvent for another 75 years, increase monthly benefits for most recipients by $200, and.

How much is the increase: If you will reach fra in 2024, social security withholds $1 in benefits for every $3 in earnings above $59,520 (up from $56,520 in 2023) until the month when you.