2024 Social Security Cola Increase Calculator 2024. That equates to an average monthly rise of. The current version of the detailed calculator is 2024.2, which we released on july 31, 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. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.