2024 Ssa Cola Estimate. Alicia munnell, who serves as director for the center for retirement research at boston college, said in late july that she expects the 2024 cola to be 3.4%. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.

When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about $1,880 — a $58 increase. Social security announces 3.2 percent benefit increase for 2024.