Social Security Cola Increase 2024. That adds about $50 monthly to the average retirement. If you started claiming social security before may 1997 or if get both social security and ssi benefits, you'll get the new cola in a dec.

The 3.2% benefit increase in 2024 raised the average social security check amount by $59 per month. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in.