Social Security Increase 2024 Effective Date. The cola was 3.2 percent in 2024. 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 hit the.
When the increase takes effect: Social security benefits and supplemental security income (ssi) payments for more than 72.5 million americans will increase 2.5% in 2025, the social security.