Maximum Social Security Benefit 2024

Maximum Social Security Benefit 2024. The maximum social security benefit in 2024 is $3,822 per month at full retirement age. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

There’s a maximum amount that counts toward social security every year called the contribution and benefit base. the ssa adjusts the amount for inflation every year. In fact, 37% of men and 42% of women rely on their checks for at least half of their retirement income, according to 2024 data from the social security administration.