Social Security Increase 2024 Estimated Date. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security. The latest cola is 3.2 percent for social security benefits and ssi payments.
On average, social security retirement benefits will increase by more than $50 per month starting in january. That adds about $50 monthly to the average retirement benefit consumers will.