What Is The New Cola Increase For 2024. — social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Beginning in january 2024, checks reflecting those increases.
— 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. — another adjustment is planned for 2025.
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