Social Security Increase 2024 Projection. The latest forecast for next year’s social security increase rose to 3.2% last month. Published wed, sep 11 202410:18 am edt updated 6.
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. For 2024, the social security cola was 3.2%.