2024 Cola Social Security Raise Date. Beginning in january, benefits will increase by 3.2%, or roughly $58 a month for the average retiree. That equates to an average monthly rise of about $55 for all social security.
More than 71 million americans will see a 3.2% increase to their social security and supplemental security income benefits in 2024, 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.
