Social Security Increase 2024 $600 Lakh. The united states federal government has announced a $600 increase in social security benefits for eligible citizens in 2024. The earnings limit for workers who are younger than full retirement age (see full retirement age chart) will increase to $22,320.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. The earnings limit for workers who are younger than full retirement age (see full retirement age chart) will increase to $22,320.