Cost Of Living 2024 Increase

Cost Of Living 2024 Increase. 3 in 5 workers (60%) said their incomes hadn’t kept up with inflation throughout 2023, according to bankrate’s pay raise survey. 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.

That’s because the social security. Labor costs increase 4.1% on annual basis;