Social Security Increase October 2024 Notification. The average recipient will see an increase of about $50 per month, according to agency officials. After factoring in the 2.5% cola, benefits would increase by about $48 to $1,968 in january 2025.

We’re headed into the third week of october, and the latest round of social security payments will soon be arriving for recipients. Social security benefits will increase in 2024.