2024 Social Security Increase Estimate Calculator. The awi is used to index an individual's earnings through age 60 in the benefit calculation formula, and the cola is used to increase benefits annually. The estimate includes wep reduction.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Regional growth in 2024 would have been half a percentage higher and in line with its initial april estimate, the lender.