Social Security Cola 2024 Increase Chart. The cola increase means your ssdi, ssi, or social security retirement benefits will be 3.2% higher in 2024. 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.

Experts predict a smaller cola for 2025. In 2024, the cola increase for social security beneficiaries is 3.2%.