Cost Of Living Increase 2024 Estimate. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 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.
The social security administration announced its annual cost of living adjustment for 2024. This is down from the.
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