COLA Social Security 2024 updates — Increased payment of $4,873 paid into account in days

MILLIONS of Social Security recipients are set to cash in their first increased check of the new year. Retirees with a birthdate between the 11th and the 20th will see their Social Security payments this Wednesday, January 17. Those who were born after the 21st will have to wait until January 24 for their new check, and recipients with a birthdate before the 10th should’ve already collected their cash. The maximum COLA amount this year is $4,873, yet the average paid to all retired workers is $1,907. Retirees’ new checks will show a $58 increase on average compared to last year’s amount. Follow our COLA live blog for more news and updates…

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Last updated : 15 January 2024 clock 04:37 PM

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