What Is The New Cola Increase For 2024. 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. Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices.
The latest estimates put the cola at 2.6%, according. In 2023, social security and supplemental security income (ssi) recipients saw an 8.7% increase to the benefits, the largest since 1981, due to an.
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