Anabel Lavina

Cola 2024 Update Today. The percentage difference is the amount of the cola, which would be payable in social security checks beginning in january 2024. The cola applicable to payments provided in january 2024 has already been determined.

The 2024 cola increases the average monthly benefit by about $58, taking the typical retiree’s check to $1,907. A t the start of 2023, seniors on social security saw their monthly benefits rise 8.7%.