Retired Americans who receive Social Security benefits and those who get Supplemental Security Income payments will soon see their benefits increase in just a few weeks.
The cost-of-living adjusted (COLA) Social Security payment will be sent out starting on Jan. 10, 2024, according to a schedule of payments. Recipients with a birth date will get their payment on the first to the 10th of a month, the second group to get the payment are those born on the 11th to 20th of a month and will get them on Jan. 17, and the third group gets their payment on Jan. 24 if they’re born on the 21st to 31st.