Ss Cost Of Living Increase 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. Beginning in january 2024, checks reflecting those increases were sent to the more than 66 million.

 — social security benefits are on pace for a 3% cola in 2024. But that may end in 2024, experts predict.