Cost Of Living Increase 2024 Estimated Increase. Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting. 401(k) calculator how to talk money 🤑 america's top.

Americans receiving social security will see their checks increase next year by 2.5% per month, which translates to just about $50 for the average recipient. The senior citizens league raised its social security cola projection for 2024 to 3.2% from 3%.