Social Security Increase 2024 Cola 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. The percentage difference is the amount of the cola, which would be payable in social security checks beginning in january 2024.
Americans are set to receive a social security check worth up to $4,800 today, but not all seniors are happy about the increase in monthly payments. It’s a relatively smaller adjustment compared with the cola that beneficiaries received for 2023.
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