Social Security Increase 2024 Amount Chart By Age. Because they can affect premiums, “the rising costs of alzheimer's drugs covered by medicare may also play a role in determining the final benefit amount for. Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients.
This story has been updated to include the subsequent release of medicare part b premiums for 2024. The retirement benefit is reduced by 4.