Social Security 2024 Cola Increase Update Microsoft

Social Security 2024 Cola Increase Update Microsoft. A cola boost of 3.2% would amount to a little more than $57 extra each month for someone who is receiving $1,790 a month, the average social security monthly retiree. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.

Multiply any amount over $7,078 by 15%. On average, social security retirement benefits will increase by about $50 per month starting in january.