Social Security Increase 2024 Calculator April. In 2024, the annual increase to social security benefits (cola) will be 3.2%. The ssa decides a person's full retirement age based on when they were born.
Here are five important ways social security will be different in 2024. A 3 percent adjustment would boost the average social security retirement benefit โ $1,839 a month in july 2023 โ by about $55 a month in 2024.