2024 Cola Increase Estimate

2024 Cola Increase Estimate. Alicia munnell, who serves as director for the center for retirement research at boston. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month.


2024 Cola Increase Estimate

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. There’s a chance 2024’s cola will end up a bit higher or lower than 3.2%, depending on how things shake out in september.

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