Social Security 2024 Cola Increase Calculator. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.
The updated amounts will take. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.
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