Social Security Cola 2024 Benefits Calculator. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct. 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. Social security benefits will increase by 3.2 percent beginning with the december 2023.
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