Cost Of Living 2024 Social Security Estimated Payment. That's down from the 3.2% increase in 2024 and. The final £299 cost of living payment has now been made to anyone entitled to the old government grant.

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. The new amounts, the result of the agency’s annual.