Wini Jacqueline

Cost Of Living 2024 Social Security Estimate. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. 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 2025, the social security cola may be 2.6%, according to mary johnson, an independent social security and medicare policy analyst. Beginning in january 2024, checks reflecting those increases.