Social Security Increase 2024 News 2024

Social Security Increase 2024 News 2024. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. 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.

The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. The social security program’s annual cost of living adjustment, known as cola, brought seniors a 5.9 percent boost in 2022, an 8.7 percent increase in 2023.