Social Security Cola 2024 Increase Percentage Chart. 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. The percentage change is the cola for the following year.

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. Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning.