Ssa Cost Of Living Increase 2024 Calculator. Increased payments to people receiving ssi benefits will. Over the last decade the cola increase has averaged about 2.6 percent.

Social security benefits will increase by 2.5 percent beginning with the december 2024. 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.