What Is The Social Security Increase For 2024 For Seniors. Seniors will earn payments of up to $4,873 in less than two weeks. Anyone who is a current social security recipient or who will turn 62 in 2023 — the earliest age at which an individual can claim social security — would receive an.

Social security benefits will increase by 2.5 percent beginning with the december 2024. Social security recipients will see their monthly payments inch up by only 2.5% next year, as the steady decline in inflation puts a damper on the program’s annual cost.