Ss Cost Of Living Increase 2024 Calculator . Starting in january, the average monthly social security retirement benefit will rise by $59, from approximately $1,848 to $1,907, according to the ssa. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.
How much is the increase: The latest cola is 3.2 percent for social security benefits and ssi payments.
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