Social Security Increase 2024 Announcement Ho. Some big changes are in store for social security in 2024, including a top benefit approaching $5,000 a month, and higher taxes for some. This would be the smallest.

Retirees and other beneficiaries will see their monthly payments rise by $59 on average starting from january 2024. Next year’s raise is looking smaller, though, with estimates calling for a 2.5% raise in 2025 based on.