Big changes are coming for the millions of U.S. pensioners in 2024. If you are retired or receiving a disability benefit, congratulations, Social Security will be sending updated and financially enhanced checks.
The COLA is to blame. As we at Vibus have explained in previous articles, all Social Security beneficiaries will receive a 3.2% increase.
If until then the maximum payment for retiring at age 70 was $4,555, in 2024 they will receive $4,700, which is a great relief in the face of rising prices.
What will the COLA increases be in 2024?
Below we have designed a table explaining the maximum increases in Social Security payments for 2024.
This table is segmented by year and retirement age.
The payments will be maintained on the dates indicated, with the second Wednesday of each month being the first Social Security payment for those born 1-10.
