Social Security Cola 2024 Increase Percentage. That adds about $50 monthly to the average. Lawmakers take aim at credit card debt, interest rates, fees.

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. 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 social security.