The cost-of-living (COLA) for 2024 will not increase until January 2024. Here's when recipients will receive their checks with the increase
Although the Social Security Administration announced the cost-of-living for 2024 on Thursday, Oct. 12, seniors and others who benefit from the program will not see the higher increase until January.most benefit recipients will not begin receiving payments until January 2024.If your birthday falls on the first to the 10th of the month, for example, you will get your payment on the second Wednesday of the month.
If your birthdate is between the 11th to the 20th of the month, your payments should arrive on the third Wednesday of each month. Recipients, who fall under this category, will get their first check with the COLA for 2024 by Jan. 17. If your birthday happens to be from the 21st to the 31st, your payments are scheduled for the fourth Wednesday of each month. If you fall under this category, your first check with the COLA for 2024 should arrive by Jan. 24.
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