Social Security Cola 2024 Benefits For Seniors. In 2024, seniors got a 3.2% cola, and in 2022 and 2023, colas were 5.9% and 8.7%, respectively. Starting in january, the estimated average monthly retirement benefit will increase by 3.2%, or $59 a month, for 2024 — from $1,848 to $1,907.

Beginning in january 2024, checks reflecting those increases. The social security administration’s annual cost of living adjustment for 2024 is 3.2%, reflecting a more moderate rate of inflation than the price jumps that.