Ros Rafaelia

2024 Cost Of Living Index For Social Security. As inflation subsides, social security beneficiaries are poised to see a lower benefit increase next year. Andy markowitz covers social security and retirement for aarp.

The social security administration will raise benefits by 3.2% starting in january, equal to a $57.30 boost to the typical monthly payment of $1,790. 2024’s increase would be less than half of 2023’s 8.7% jump,.