Projected 2024 Cola Increase
Projected 2024 Cola Increase. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi).
The social security administration announced an 3.2% cola increase for 2024. In 2022, 2023, and 2024, social security checks increased by 5.9%, 8.7%, and 3.2%, respectively.