Latest Social Security 2024 Cola Estimate. If the 2024 cola does come out to 3% in october, the average monthly benefit of $1,787 would increase by about $53.60. A cola of 3.2% would raise an.

That’s a huge drop from this year’s 8.7% cola, which pushed the. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.