Social Security Cola 2024 Benefits Chart

Social Security Cola 2024 Benefits Chart. Beginning in january 2024, checks reflecting those increases. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.

Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the.