Social Security Cola 2024 Release Date 2024. The average social security benefit was $1,711 in november when the ssa last updated its data. Social security beneficiaries will see a 3.2% boost to their benefits in 2024, the social security administration announced on thursday.

More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi). Ssa calculates the percent change.