Cost Of Living Increase 2024 Estimate. — 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. How much is the increase:
What is the cost of living increase for 2024? — social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday.