2024 Social Security Increase Notification Online . A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. Inflation cooled considerably in 2023, but consumer prices still went.
The increase will take effect in january 2024 for the more than 66 million social security beneficiaries. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.
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