Cost Of Living 2024 Social Security Forecast. In june 2024, the average retired worker received $1,918 from social security. On average, social security retirement benefits will increase by more than $50 per month starting in january.

Social security benefits rose by more than $140 per month on average starting in january, according to estimates from the social security administration. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.