Catie Daniela

Social Security 2024 Cola Adjustment. The amount of earnings required to earn social security work credits will rise to. 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.

Social security’s 2024 cola will lift the average monthly benefit for workers with disabilities and survivor beneficiaries by $48 and $47, respectively, leading to average payouts. The average social security benefit, as of august 2023, was $1,705.79;