Social Security Cola 2024 Increase Percentage Increase. Beginning in january, benefits will increase by 3.2%, or roughly $58 a month for the average retiree. Here’s how to find out how much more you’ll see in your.

The kiplinger letter forecasts that the 2025. A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit — about $1,870 a month in june 2024 — by.