Social Security Benefits Cola 2024 Estimate. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said. This estimate is consistent with projections by independent social security and medicare policy analyst mary johnson, who also forecasts that the 2025 social.

How much will the 2024 cola increase social security? The nation’s more than 70 million social security recipients may want to temper their expectations of how much.