Social Security Cost Of Living Increase 2024 Increase
Social Security Cost Of Living Increase 2024 Increase. This is much lower than last year's. That adds about $50 monthly to the average retirement benefit.
— starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. Beginning in january 2024, checks reflecting those increases.