2024 Social Security Increase Estimated Amount

2024 Social Security Increase Estimated Amount. Millions of social security recipients will get a 3.2 percent increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating. Estimate your monthly social security retirement benefit using your age, income and when you want to retire.

Government estimates suggest the average benefit check will increase by approximately $49 in 2024, rising to $1,907, according to the agency. The league’s latest predictions points to a cola of 2.5%, which is slightly lower than its august prediction of 2.57%.