Cost Of Living 2024 Social Security Increase. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907. On average, social security retirement benefits will increase by more than $50 per month starting in january.
The social security administration’s cost of living adjustment, or cola, is based on inflation data from the consumer price index. On average, social security retirement benefits will increase by more than $50 per month starting in january.
Cost Of Living 2024 Social Security Increase Images References :
