Social Security Agency to Make Major Announcement on Checks This Month

Here is when the Social Security Administration will announce the cost-of-living adjustment for payments next year.

Blank U.S. Treasury checks are run through a printer at the U.S. Treasury printing facility in Philadelphia on July 18, 2011. William Thomas Cain/Getty Images

The Social Security Administration (SSA) is slated later this month to announce the cost-of-living adjustment (COLA) that awaits in 2024 for tens of millions of retired Americans.

The U.S. Bureau of Labor Statistics (BLS) is scheduled to release September’s consumer price index (CPI) data on Oct. 12; the SSA is likely to announce next year’s COLA that day. Last year, the SSA made the announcement on Oct. 13 after the BLS released the September 2022 inflation figure.