2024 Social Security Increase Eligibility Age Limit. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. For the period between january 1 and the month you attain full retirement age, the income limit increases to $56,520 (for 2023) without a reduction in benefits.
For 2024, the amount of earnings that will have no effect on eligibility or benefits for ssi beneficiaries who are students under age 22 is $9,230 a year. What is the 2024 social security cola increase, and does it affect future retirees?
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