$440 Per Month: Social Security Benefits Set for Biggest Boost in 40 Years

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Social Security benefits are going up in 2024. Over 70 million Americans get Social Security.

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The monthly benefits are increasing to help people with rising prices. In 2024, the average Social Security check will go up about $440 per month.

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This is the biggest increase in 40 years. It is an 8% increase for people after full retirement age.

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The increase helps people on Social Security retirement benefits. It also helps people on disability benefits SSI and SSDI. People over 65 get most of the Social Security benefits.

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The government increased benefits because prices keep going up. The increase depends on what benefits you get now.

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Some people will get more than $440 extra per month. The Social Security increase starts in January 2024.

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It will help people cover cost of food, gas, and other items. More increases could happen if prices keep rising. The increase gives relief to beneficiaries with fixed incomes.

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for Detailed Information

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