Social Security Cola 2024 Calculator For Retirees

Social Security Cola 2024 Calculator For Retirees. The 2024 cola will be 3.2%. A cola increases a person's social security retirement benefit by approximately the product of the cola and the benefit amount.

As shown above, a 3% cola in 2024 means the average retired worker would receive an extra $55.12 in monthly benefits, while spouses would get an. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.