Social Security Cola 2024 Increase

Social Security Cola 2024 Increase. 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. The average social security check for retirees stands at $1,907 in 2024, according to the social security administration.

The average social security check for retirees stands at $1,907 in 2024, according to the social security administration. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.