2024 Cost Of Living Increase Social Security

2024 Cost Of Living Increase Social Security. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Data from the ssa shows that the average.

That’s well under the 3.2% retirees got last year and far less than what many were hoping for. 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.