Social Security Increase 2024 Estimated Payments. What is the social security 2024 cola increase? A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.
A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024. For 2024, the social security cola was 3.2%.