Ivett Merrielle

Social Security Increase 2024 Estimate. Government data for may shows inflation cooling, and that means social security beneficiaries may see a smaller benefit increase next year. A 3 percent adjustment would boost the average social security retirement benefit — $1,839 a month in july 2023 — by about.

Here’s how you can calculate your increase. The ssa is expected to announce the 2024 social security cola.