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Here's How Much the Average Social Security Benefit Is Going Up in 2024

TheMotleyFool

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Here's How Much the Average Social Security Benefit Is Going Up in 2024: https://g.foolcdn.com/editorial/images/761001/reviewing-finances.jpg

In 2023, the average retiree received a monthly benefit of $1,847 from the Social Security Administration. In 2024, the average monthly retirement income for the typical retiree is going up to $1,906.

Why did benefits increase, and what does this mean for retirees? Here's what you need to know.

Image source: Getty Images.

Source Fool.com

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