2024 Cost Of Living Increase Estimated . Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. A cola of 3% — much less than this year's 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70.
A chart of the 2024 cola figures can be found here. The 2025 cola will be announced in october 2024.
2024 Cost Of Living Increase Estimated Images References :
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Cost Of Living Increase 2024 Estimate Chart Brinn Clemmie , Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.
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