How Much Will Social Security Increase 2024. The cola increase raises social security payments by 3.2%. How much will my social security payment be with the 2024 cola increase?
With the average social security check coming in at $1,787 per month, in 2023, the estimated 2024 social security cola would be around $54 per month. Estimate your monthly social security retirement benefit using your age, income and when you want to retire.