How Much Will Social Security Increase 2024. Use aarp's social security calculator to find out when to apply and how much you'll get. The new cola will take effect in january 2024, and the average retired worker will see his or her benefit amount increase from $1,848 per month to $1,907 per.

That equates to an average monthly rise of. The new cola will take effect in january 2024, and the average retired worker will see his or her benefit amount increase from $1,848 per month to $1,907 per.