Social Security Increase 2024 Calculator In India. This helps estimate your social security benefits based on your earnings history and the age you plan to start taking benefits. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

Social security benefits saw an increase of 5.9% cola in 2022 and an 8.7% increase in 2023, the largest recorded since 1981. It’s useful for integrating social security into your overall retirement strategy.