Moria Tierney

Social Security Increase 2024 Increase Chart. 2024's benefit increase is higher than. 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.

The percentage difference is the amount of the cola, which would be payable in social security checks beginning in january 2024. 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.