Social Security Cost Of Living Increase 2024 Calculator. Retirees on social security receive an increase of their social security benefits each year known as the cost of living adjustment or cola. The cola is adjusted annually to help retirees cope with.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. On average, social security retirement benefits will.