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Cost Of Living 2024 Social Security Estimate
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Cost Of Living 2024 Social Security Estimate. 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. But here's one unexpected factor that could bump it higher.
The official cola won’t be announced until oct. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to.
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