Social Security 2024 Cola Increase Calculator

Social Security 2024 Cola Increase Calculator.  — 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.  — in 2023, the social security administration indicated the cola would increase by 3.2% in 2024.

The amounts required for updating the 2022 versions of the social security benefit calculator are as follows: Social security benefit amounts adjust for inflation every year;