Social Security Cola 2024 Projection. According to the latest cola projections, experts estimate a 2.63% cost of living adjustment (cola) on social security checks for next year due to decreasing. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.
Two estimates reflecting the june inflation numbers project a lower social security cola in 2025 than in 2024. The average social security benefit for retired workers (as opposed to survivor benefits, for example) is a little higher:
Social Security Cola 2024 Projection Images References :