Cola Increase 2024 Inflation. The average monthly retirement benefit will increase from $1,848 to $1,907, and the average benefit for disabled workers will go up from $1,489 to $1,537, according to the ssa. 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 moderating consumer prices.

Most retirees received a bump of more than $50 per. More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024.