Social Security Cola 2024 Forecast July. 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. According to a new analysis published by alicia munnell, director of the center for retirement research at boston college, retirees should expect a 2024 cola.

Here’s how the average benefit paid to different groups would change in 2024, according to social. According to a new analysis published by alicia munnell, director of the center for retirement research at boston college, retirees should expect a 2024 cola.