Rhoda Chastity

Cola 2024 Social Security Increase. Beginning in january 2024, checks reflecting those increases were sent to the. 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.

This is an automatic update and you don’t need to do anything to. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s cost.