Cola 2024 Update Tscl. That would add about $57 to the average monthly benefit, the group. The social security cost of living adjustment (cola) for 2024 will likely be 3.2% based on a jump in consumer price data through august.

A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. Nonpartisan senior advocacy group the senior citizens league (tscl) slightly reduced its forecast for social security’s 2025 cola to 2.57% (which would.