Cola Increase 2024 Social Security. The average social security benefit is about $1,700 a month, according to the ssa. Inflation is high but slowing down, which means social security recipients will.

More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the. 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.