Social Security Cola Increase 2024. In 2023, they rose a whopping 8.7% following a period of rampant inflation. More than 66 million retirement beneficiaries will see.

On average, social security retirement benefits will increase by more than $50 per month starting in january. More than 71 million americans receiving social security benefits will see their checks rise by 3.2 percent next year to help them keep pace with inflation, the social security administration.