Social Security Increase 2024 Estimate. This is your estimated benefit if you begin taking social security at age 62. If you started claiming social security before may 1997 or if get both social security and ssi benefits, you'll get the new cola in a dec.

The additional 3.2% bump led to an increase of $37 on the 2023 payout, making a. So benefit estimates made by the quick calculator are rough.