What Is The Estimated Cola For 2024. These estimates are derived from the intermediate assumptions in the 2024 trustees report. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907.
Looking ahead to 2025, current estimates predict a 2.57% increase in the cola. Social security benefits will increase by 3.2 percent beginning with the december 2023.
