How Much Cola For Social Security In 2024. The social security administration (ssa) announced the official 2024 cola. 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.
The latest cola is 3.2 percent for social security benefits and ssi payments. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.