Ssa Cost Of Living Increase 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 january 2024, payments rose by 3.2% over 2023, according.
On average, social security retirement benefits will increase by more than $50 per month starting in january. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
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