Social Security Increase 2024 Update News Today. Social security cola rates are expected to rise even more in 2024 after the latest august cpi data was released. This is the announcement seniors have been waiting for.
That adds about $50 monthly to the. 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.