Social Security Increase 2024 Amount Chart. In 2024, the annual increase to social security benefits (cola) will be 3.2%. Social security benefits will increase 3.2% in 2024 for the nation’s 71 million recipients, raising the average monthly check for a single retired worker to $1,907, up $59.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. The average beneficiary will see a $54 increase in their benefit amount.