2024 Ssa Cola Estimate. The average monthly survivor benefit ($1,508 in june) would go up by $44, and the average social security disability insurance (ssdi payment ($1,538. It’s not going to approach 2023’s historically high cola increase of 8.7%, but the 2024 social security cost of living adjustment is expected to be 3.2%, which if it comes to fruition would raise an average monthly retiree benefit of $1,790 by $57.30.
When multiplied by 3.2% or 0.032%, the estimated cola, you can expect a monthly benefit in 2024 of about $1,880 — a $58 increase. Based on that increase, the maximum amount of earnings subject to the social security tax (taxable maximum) will increase to $168,600 from $160,200, ssa said.