Social Security Cola 2024 Adjustment 2024. The average monthly retirement benefit will increase from $1,848 to $1,907, and the average benefit. On average, social security retirement benefits will.
Once that information comes in, the social security administration (ssa) will be able to calculate a cola for 2024. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.