Social Security Cola 2024 Estimated Amount

Social Security Cola 2024 Estimated Amount.  — a 2.5 percent increase would raise the average social security payment for retired workers from $1,920.48 (as of august 2024) to $1,968.49 in 2025, an increase of. A cola increases a person's social security retirement benefit by approximately the product of the cola and the benefit amount.

 — the senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%. In 2024, the cola increase for social security beneficiaries is 3.2%.