Social Security Cola 2024 Estimate Increase. The senior citizens league, a nonpartisan. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024.

 — we expect the ssa to announce the 2025 cola increase on oct.  — 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.