Social Security 2024 COLA Increase: Your Checks Are Getting Bigger Next Year
Find out how much more money you could get on your Social Security checks, beginning in January 2024.
Katie TeagueWriter II
Katie is a writer covering all things how-to at CNET, with a focus on Social Security and notable events. When she's not writing, she enjoys playing in golf scrambles, practicing yoga and spending time on the lake.
ExpertisePersonal Finance: Social Security and taxes
How much will my Social Security payment be with the 2024 COLA increase?
The COLA increase will raise Social Security payments by 3.2%. The Social Security Administration said that would raise the average monthly payments by more than $50. Here are the average new payments for 2024, based on recipient groups.
Social Security COLA increase 2024
Average monthly increase
Average 2024 check amount
Worker with disabilities
Senior couple, both receiving benefits
Widow(er) with two children
When will I see the COLA increase in my Social Security check?
Starting in January 2024, you'll notice the COLA increase on your monthly checks. Checks are disbursed on scheduled Wednesdays each month, so when you get the increase depends on your birth date and when you started receiving Social Security benefits.
If your birthday falls between the first and 10th of the month, your payment will be sent out on the second Wednesday of January 2024.
If your birthday falls between the 11th and 20th of the month, your payment will be sent out on the third Wednesday of January 2024.
If your birthday falls between the 21st and 31st of the month, your payment will be sent out on the fourth Wednesday of January 2024.
Payments for Supplemental Security Income recipients generally arrive on the first of each month, unless it's a holiday or weekend, so those payments will arrive in December 2023. And if you've received Social Security benefits before May 1997, your payment should arrive on Jan. 3, 2024.