What Is The Social Security Increase For 2024 At Age 62

What Is The Social Security Increase For 2024 At Age 62. Workers born in 1958 will reach fra in 2024 at age 66 and 8 months, and workers born in the last few months of 1957 will reach fra in 2024 at age 66 and 6 months. Each year you delay increases your benefit by 5% to 8%.

In 2024, the annual increase to social security benefits (cola) will be 3.2%.  — the highest social security retirement benefit for an individual starting benefits in 2024 is $4,873 per month, according to the social security administration.