Cost Of Living 2024 Social Security Estimate. Estimate your monthly social security retirement benefit using your age, income and when you want to. Compared to the 3.2% cola social.
The social security administration’s cost of living adjustment, or cola, is based on inflation data from the consumer price index. โ a 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024.