Social Security COLA Increase: How Much Monthly Checks Rise
According to the Senior Citizens League, the cost-of-living-adjustment (COLA) for Social Security will be 3.2% based on the most recent inflation data from August.
Overview
When the final inflation data for the third quarter of 2023 are revealed on October 12, we'll know for sure how much the Social Security COLA for 2024 will be.
Overview
Social Security benefits are anticipated to increase by 3.2% as a result of the COLA increase.
How much will my Social Security payment be with the 2024 COLA increase
Your money will be distributed on the second Wednesday of January 2024 if your birthday is between the first and tenth of the month.
When will I see the COLA increase in my Social Security check?
Your payment will be sent out on the third Wednesday of January 2024 if your birthday is between the 11th and the 20th of the month.
When will I see the COLA increase in my Social Security check?
Your payment will be sent out on the fourth Wednesday of January 2024 if your birthday is between the 21st and the 31st of the month.
When will I see the COLA increase in my Social Security check?
Supplemental Security Payments Unless it's a holiday or weekend, income recipients typically arrive on the first of every month.
When will I see the COLA increase in my Social Security check?
And if you've received Social Security benefits before May 1997, your payment should arrive on Jan. 3, 2024.
When will I see the COLA increase in my Social Security check?