Cost Of Living 2024 Social Security Forecast 2024. Cola for 2024 is 3.2%. With the increase, the average benefit check will increase $49, rising to $1,907 from this year's $1,858, the agency said.


Cost Of Living 2024 Social Security Forecast 2024

A cola of 3% for 2024 would raise an average monthly benefit of $1,789 by $ 53.70—well down from this year’s average increase of $146 a month after this year’s. On average, social security retirement benefits will.

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