Social Security Cola 2024 Increase Percentage Calculator

Social Security Cola 2024 Increase Percentage Calculator. 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. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released.

Social security takes the average. Social security benefits will increase by 3.2 percent beginning with the december 2023.