Social Security Limit 2024 Increase For 2024. In june 2024, the average monthly social security benefit for retired workers was $1,918. This limit changes each year with changes in the national average wage index.
Washington (ap) โ millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this yearโs historic boost and reflecting. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.