MILLIONS of Social Security recipients will see their first check of 2024 today. COLA beneficiaries who have birthdates after the 21st of the month can expect their new boosted Social Security payments today, on January 24. Recipients with a birthdate before the 21st should have already received their January benefits earlier this month. The maximum COLA amount this year is $4,873, and the average paid to retirees each month is $1,907. This year’s checks will show a $58 increase on average compared to the 2023 amount. Follow our COLA live blog for more news and updates…
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