2024 Cost Of Living Increase Percentage For Seniors

2024 Cost Of Living Increase Percentage For Seniors. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august.

Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. The current monthly maximum oas.