2024 Social Security Increase Estimate. Social security benefits increased 3.2% in january 2024. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

According to a congressional budget office (cbo) cost estimate report, repealing wep rules would increase monthly benefits for over two million social. The senior citizens league most recently predicted the 2025 cola will be just 2.5 percent, down from the group’s previous estimate of 2.57 percent.