2024 Social Security Cola Increase Ssi. The average social security benefit is about $1,700 a month, according to the ssa. Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%.

Social security benefits will increase by 3.2 percent beginning with the december 2023. 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.