Social Security Cola Increase 2024

Social Security Cola Increase 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. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the.

In 2024, the annual increase to social security benefits (cola) will be 3.2%. This adjustment will affect social security retirement, disability, and ssi payments.