Social Security Cola 2024 Benefits For Seniors. On average, social security retirement benefits will increase by more than. The table below provides estimated average benefits for certain beneficiary types , at the end of.

While the cola for next year’s social security benefits is an increase, many seniors are likely to still live in poverty despite the consistent. Social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.