Social Security Cola 2024 Estimate Date

Social Security Cola 2024 Estimate Date. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. That brought the average monthly.