2024 Social Security Cola Increase Update Date. When will i see the cola increase in my social security check? 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.
Initial estimates are calling for a 2.5% social security cola in 2025. Cola beneficiaries who have birthdates after the 21st of the month received their new boosted social security payments yesterday, on january 24.
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