Cola Increase In 2024. 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. The 3.2% benefit increase in 2024 raised the average social security check amount by $59 per month.
Cola for 2024 is 3.2%. In 2024, the cola increase for social security beneficiaries is 3.2%.
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