Social Security Cola Increase 2024 Amount. That equates to an average monthly rise of about $55 for all. 11 rows the awi is used to index an individual's earnings through age 60 in the benefit.
More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security administration’s cost. Millions of social security recipients will get a 3.2% increase in their benefits in 2024.