Social Security Cola 2024 Increase Chart. 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. The senior citizens league estimates social security benefits will increase 2.5% in 2025, the smallest cola for retired workers since 2021.


Social Security Cola 2024 Increase Chart

In 2023, the social security administration indicated the cola would increase by 3.2% in 2024. That equates to an average monthly rise of.

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