Social Security Raise 2024 Latest Update. A cola of 3.0% would raise the current average monthly benefit of $1,787.00 by about $53.60, according to the senior citizens league. The ssa has announced that benefit checks will rise 3.2 percent in 2024.

This means that more than 71 million americans will. The ssa has announced that benefit checks will rise 3.2 percent in 2024.