Social Security Cola 2024 Adjustment Date

Social Security Cola 2024 Adjustment Date. Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. Seniors on social security were thrown a major bone at the start of 2023, when their benefits rose 8.7%.

Ssi beneficiaries who also receive social security benefits generally receive their social security payments on the third of the month. A 3.2% cola for 2024 would increase an average monthly retiree benefit of $1,790 by $57.30, the tscl said.