2024 Social Security Cola Increase Calculator 2024

2024 Social Security Cola Increase Calculator 2024. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

The social security administration announced its annual cost of living adjustment for 2024. That equates to an average monthly rise of.