2024 Cola Increase For Social Security In India

2024 Cola Increase For Social Security In India. The average beneficiary will see a $54 increase in their benefit amount. 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.

Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. The average beneficiary will see a $54 increase in their benefit amount.