Ss Cost Of Living Increase 2024 Calculator

Ss Cost Of Living Increase 2024 Calculator. 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. The latest cola is 3.2 percent for social security benefits and ssi payments.

Starting in january, social security benefit payments for 66 million beneficiaries will rise 3.2% to keep up with the cost of living, the social security administration said thursday. Here’s how you can calculate your increase.