How Much Will Be Cola In 2024
How Much Will Be Cola In 2024. 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. Social security recipients will see their benefits increase by 3.2% in 2024.
How much is the increase: The 2024 cola is expected to be somewhere between 3% and 3.5% — a huge drop from this year’s 8.7% adjustment.