Social Security Cola Increase 2024 Prediction. Though it added about $59 per month to the average social. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.

Indeed, 2023’s cola increase was the largest since 1981, when it was 14.3%. If social security increases the cola by 3.2% next year, the average monthly retiree check would increase to $1,790, or $57.30 in additional benefits, the senior citizens.