Social Security Raise 2024 News. A cola of 3.5% would raise the average social security retirement benefit by $62.73 a month, based on the latest social security administration data. Reporter, consumer & social trends.
Social security benefits will increase by 3.2% in 2024, the social security administration announced thursday morning. Social security benefits will increase by 3.2 percent beginning with the december 2023 benefits, which are payable in january 2024.