Social Security Increase 2024 Announcement

Social Security Increase 2024 Announcement. That adds about $50 monthly to the average retirement benefit consumers will. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

That adds about $50 monthly to the average retirement benefit consumers will. In advance of the announcement, analysts predicted that the increase would be about 2.5% for 2025, smaller than increases the previous two years.