2024 Cost Of Living Increase Rate Of. 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. Due to the declining inflation rate most economists are predicting a 2024 cola increase between 2.7% and 3%.

Social security benefits have been increased by 3.2% for 2024, meaning social security recipients and those on. That adds about $50 monthly to the.