Social Security Increase 2024 Calculator. Beginning in january 2024, checks reflecting those increases.  — a 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about $55 a month in 2024.

 — in 2023, the social security administration indicated the cola would increase by 3.2% in 2024.  — 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 $55 bump.