Ss Cost Of Living For 2024. The cola is adjusted annually to help retirees cope with. Starting in january, the average monthly social security retirement benefit will rise by $59, from approximately $1,848 to $1,907, according to the ssa.

Thereafter colas have been effective with benefits payable for december. Increased payments to approximately 7.5 million ssi recipients will begin on december 29, 2023.