Social Security Increase 2024 Cola Increase Chart. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by. The percentage change is the cola for the following year.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Based on current estimates as of september.