Pat Layney

Social Security Increase 2024 Amount Chart. For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023). The cola increase raises social security payments by 3.2%.

See the table of bend points for the bend points applicable in past years. The social security increase for 2024 was 3.2%, but with inflation cooling, analysts are predicting a smaller adjustment for the new year.