Cola 2024 Social Security Increase Updates.  — learn about 2024 social security updates including cola increase, taxable maximum, and new medicare premiums.  — the maximum social security benefit for a worker retiring at full retirement age will increase to $3,822 per month in 2024 from $3,627 in 2023.

Inflation cooled considerably in 2023, but consumer prices still went up, producing a 3.2 percent cola for social security beneficiaries.  — the cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024.