Social Security Report 2024 Pdf. That took the average monthly benefit of $1,848 at the end of 2023 up to $1,907 at the start of 2024. One set of projections reflects a scenario in which the program continues to pay retirement, disability, and related benefits as scheduled under current law, regardless of whether the program’s two trust funds have sufficient balances to cover those.

The latest such increase, 3.2 percent, becomes effective january 2024. A summary of the 2024 annual reports social security and medicare boards of trustees a message to the public: