Social Security Cola 2024 Adjustment Date. 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. Social security benefits will increase by 3.2 percent beginning with the december 2023.

When will i see the cola increase in my social security check? Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday.