Social Security Cola 2024 Estimate Date. The cola shown for a year is effective for december of that year, but is payable in january of the. More than 66 million retirees receiving social security checks will see their monthly government payments rise 3.2%, thanks to the social security.
More than 71 million americans will see a 3.2% increase in their social security benefits and supplemental security income (ssi) payments in 2024. Social security paid benefits of $1.379 trillion in calendar year 2023.