Betti Chelsea

2024 Cost Of Living Increase Social Security Benefits. We will announce the next cola in october 2025. 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.

Ssa calculates the percent change between average prices in the third. The nation’s 72 million social security recipients are just days away from getting a boost to their monthly benefits.