Carita Dorelle

Cola Increase 2024 Social Security. The new cola will go into effect in january for most social security recipients, with the notable exception of. Social security benefits increase in 2024.

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. That adds about $50 monthly to the average retirement benefit consumers will.