Social Security Cola 2024 Increase Percentage. How much is the increase: Washington (ap) — millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting.

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. The social security administration announced thursday the 2025 cola will be 2.5%, down from 2024’s 3.2% increase.