What Is The Social Security Increase For 2024 Nfl. With the cola increase of 2.5%, this is how average payments will increase for next year, according to the social security administration: The average social security payment is $1,784 per month, with variations based on benefit categories.;

The average social security payment is $1,784 per month, with variations based on benefit categories.; Millions of social security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost and reflecting moderating consumer prices.