Cost Of Living Increase 2024 Social Security 2024. The social security 2024 cola increase took effect in january 2024 and translated to an average increase of $59 per month for people receiving social security. The increase is much lower than the.
A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. Ssa calculates the percent change.
