Cola 2024 Social Security Increase

Cola 2024 Social Security Increase. A cola of 3.2% would raise the average monthly retiree benefit by about $59. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

That equates to an average monthly rise of. 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.