Social Security Cola 2024 Adjustment 2024. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 โ from $1,848 to $1,907. In 2024, the annual increase to social security benefits (cola) will be 3.2%.
The roughly 70 million americans who receive social security will see another significant increase to their benefits next year: That adds about $50 monthly to the.