Venus Jeannine

2024 Cost Of Living Increase Est. It’s crucial for retirees to understand and keep. 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.

Social security benefits and ssi payments will increase by 3.2% in 2024, based on the consumer price index. Now that inflation has mostly cooled off, the cola for 2024 is 3.2%.