Cola 2024 Increase Announcement As Of Today 2024. The 2024 social security cola would boost a retired worker's average monthly benefit by about $58. On average, social security retirement benefits for all recipients will increase by more than.

Learn what that means and how it could affect you. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.