Social Security 2024 Cola Estimate Date

Social Security 2024 Cola Estimate Date. The 2024 cola increases the average monthly benefit by about $58, taking the typical retiree’s check to $1,907. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.

The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august. If you don’t have an account yet, you must create one by november 14, 2023, to receive the 2024 cola notice online.