Social Security 2024 Cola Increase Update. This means larger checks to the more than 66. The social security administration is expected to announce the 2024 social security cola this october, anticipated by some groups to hit 3 percent and raise the.
With the average social security check coming in at $1,787 per month, in 2023, the estimated 2024 social security cola would be around $54 per month. Retirement plan futures uncertain as funds expected to be depleted by 2035.