Social Security Cola 2024 Estimate Increase. The forecast for next year’s social.  — social security recipients will get a 3.2 percent increase in their monthly payments next year, the social security administration (ssa) announced oct.

 — with the increase, the average benefit check will increase $49, rising to $1,907 from this year’s $1,858, the agency said. Social security recipients finally have something to cheer: