Social Security Cola 2024 Prediction Chart. Here are the new average payments for 2024 based on recipient groups. In 2023, the social security administration indicated the cola would increase by 3.2% in 2024.
A cola that matches the 2.9 percent july figure would increase the average social security retirement benefit โ about $1,870 a month in june 2024 โ by. Hereโs the inflation breakdown for september 2023 โ in one chart.