Arly Shauna

Social Security Cola 2024 Estimate Increase. Ssa calculates the percent change. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.

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. Beginning in january 2024, checks reflecting those increases.