Social Security Increase 2024 Increase For Seniors. The cola increase raises social security payments by 3.2%. Social security benefits will increase by 2.5 percent beginning with the december 2024 benefits, which are.


Social Security Increase 2024 Increase For Seniors

That adds about $50 monthly to the average. 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.

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