Here's How Much the Maximum Social Security Benefit Is Going Up in 2024
Earlier this month, the Social Security Administration announced a 3.2% cost-of-living adjustment (COLA) for 2024. That's going to bump the average benefit up from $1,848 per month for retired workers to $1,907 per month, a $59 increase.
But some people are going to get a lot more than that. In 2023, the highest-earning Social Security beneficiaries get $4,555 per month. And their checks are set to grow even further in 2024. Below, we'll look at just how much they'll get and what the largest benefit will be next year.
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Source Fool.com
