Social Security Increase 2024 In 2024. For 2024, the social security cola was 3.2%. 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.

On april 18, 2024, social security published a final rule, intermediate improvement to the disability adjudication process: 71.6 million people received benefits from programs administered by the social security administration (ssa) in 2023.