Social Security Cola 2024 Estimated Amount

Social Security Cola 2024 Estimated Amount. For 2024, the limit for substantial gainful activity (sga) is increasing to $1,550 per month (up from $1,470 in 2023). The social security administration announced on october 12, 2023, that benefits will increase by 3.2% in 2024, a far more modest increase than recipients saw.

There were about 67 million beneficiaries at the end of the calendar year. Social security paid benefits of $1.379 trillion in calendar year 2023.