Social Security Cola 2024 Benefits Chart. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907. Social security recipients are eager to know what 2024's cola will look like.
The social security administration says that will raise average monthly payments by more than $50. Social security benefits could increase 3.2% in 2024.