Social Security Monthly Increase in November 2024: In November 2024, Social Security beneficiaries prepare for a 2.5% COLA increase effective January 2025, bringing an average $50 monthly boost. This comprehensive article provides insights into the new benefit amounts, income limits, and taxable earnings maximums for 2024. It includes practical tips to help beneficiaries maximize their finances, FAQs on Social Security changes, and essential details to navigate the latest Social Security updates.