Cost Of Living 2024 Social Security Increase Calculator

Cost Of Living 2024 Social Security Increase Calculator. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023. In january 2024, payments rose by 3.2% over 2023, according to the social security.

 — starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. Do you need help figuring out your required minimum distributions?