Social Security Cola 2024 Adjustment Period
Social Security Cola 2024 Adjustment Period. This is significantly lower than the 2023. 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.
Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s. The 2025 cola will be announced in october 2024.