Cola 2024 Update Today. The average social security check for retirees stands at $1,907 in 2024, according to the social security administration. The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024.
At this point, 2024 cola estimates are generally coming in within the 3% to 3.5% range. That adds about $50 monthly to the.