Cost Of Living Increase 2024 Social Security Calculator. On average, social security retirement benefits will increase by more than $50 per month starting in january. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration's cost.

More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s cost. Between 2023 and 2024, social security benefits.