Social Security Cola Increase 2024 Calculator. It updates the 2024.1 version by updating the projected benefit increases and. A 3.2% increase in the average social security check—about $1,706 in august 2023, the latest data available—would raise that monthly payment to $1,761, a.

Here’s what the cost of living adjustments really mean and how to factor social security benefits into your future retirement budget. The social security adminstration has announced.