Ssa Cost Of Living 2024. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by $54 a month starting. 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.
Based on current estimates as of september 2023, the. In june, more than 51 million retired workers received an average social security check of $1,918.28, which works out to a little over $23,000 on an annualized basis.