Ss Cost Of Living Increase 2024 Calculator. The latest such increase, 2.5 percent. Social security benefits increase in 2024.

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. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.