Cost Of Living Increase 2024 Percentage Formula. The social security administration announced its annual cost of living adjustment for 2024. The 8.7% cola in 2023 marked the largest percentage.

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. Ns&i has increased interest rates on four of its variable rate savings products from today, affecting roughly 870,000 customers.