Social security benefits could increase by 3% in 2024, according to the latest estimate from The Senior Citizens League.
Social security benefits are estimated to increase 3% in 2024 based on cost-of-living adjustments, according to an estimate from The Senior Citizens League. ALEXANDRIA, Va. --
Cost of living adjustments , as determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers, increased 2.3 percent year-over-year in June. However,The average monthly social security benefit was $1,701.62 as of June, according to theHowever, while TSLC estimates a 3% COLA increase for 2024, the final figure will be determined by inflation data from the third quarter of this year and announced in October.
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