Social Security Cola 2024 Announcement Today. If you don’t have an account yet, you must create one by november 14, 2023, to receive the 2024 cola notice online. That equates to an average monthly rise of about $55 for all.
The social security cola for 2023 was 8.7%. 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.
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