Social Security Cola 2024 Estimate.  — 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. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.


Social Security Cola 2024 Estimate

The latest cola is 3.2 percent for social security benefits and ssi payments. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits,.

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