Social Security Increase October 2024 Chart. In other words, a 2.6% or 2.7%. To find out how much your benefit will be reduced if you begin receiving benefits from age 62 up to your full retirement age, use the chart below and select your year of birth.
That’s down from the 3.2%. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.