Expected Cola Increase For 2024. A conservative estimate is that retirees could see their social security benefits increase by about 2.8% to 2.9%, rather than the projected 2.6%. In 2023, it was 8.7%.


Expected Cola Increase For 2024

A lot can change in a relatively short period of time. As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits, while spouses would get an additional $26.79, survivors would get $43.56.

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