Cola 2024 Social Security Increase. But social security's trustees estimate the. And if 2025's social security cola ends up being 2.5%, that results in an average increase of.
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. Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%.