Social Security 2024 Increase Chart. Retirement and disability benefits will increase by 3.2% and more than $50 a month on average starting in january, the social security administration announced. The maximum social security benefit you can receive in 2024 ranges from $2,710 to $4,873.

Social security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year. 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.