Darya Emelyne

2024 Cost Of Living Increase Social Security In India. Based on current estimates as 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.

Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year.