Social Security Cost Of Living Increase 2024 Calculator

Social Security Cost Of Living Increase 2024 Calculator. How would a 3.2% cola impact social security checks? Social security benefits are on pace for a 3% cola in 2024.

Beginning in january, benefits will increase by 3.2%, or roughly. 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.