Social Security Cola 2024 Prediction July. If the senior citizens league's estimate of 3.2% holds true, the cola would still increase the average social security retiree benefit of around $1,790 by about $57 per month in 2024. For 2024, social security recipients got a 3.2% cola.

“social security and ssi benefits will increase in 2024, and this will help. The average benefit amount among retired workers is around $1,919 per month, according to july 2024 data from the social security administration.