Edie Willamina

Social Security Increase 2024 $600 2024 Per Year. For all recipients — including spouses, children and disabled workers — the average check was $1,781. In 2024, social security will tax wages up to $168,600, up from $160,200 in 2023.

Since 1975, social security’s general benefit increases have been based on increases in the cost of living, as measured by the consumer price index. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.