Social Security 2024 Cola Estimate

Social Security 2024 Cola Estimate. A cola of 3% — much less than this year's 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70. Historically speaking, that's actually not so low for a cola.

A cola of 3% — much less than this year’s 8.7% increase — would raise the average monthly social security benefit from $1,789 to $1,842.70. The senior citizens league says.