Social Security Cola 2024 Estimated Amount. 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. Lawmakers take aim at credit card debt, interest rates, fees.

The table below provides estimated average benefits for certain beneficiary types , at. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.