What Is The Cost Of Living Increase For 2024. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. For the two remarkable years that followed, it hovered around $6.40.

The first payment arrived in bank accounts in spring 2023, and households started receiving the second from 31 october 2023. “building up the middle class will be a defining goal of.