Social Security Benefits Increase in 2024
Reading Time: 2 MinutesLast Updated: November 1, 2023
More than 71 million Americans will see a 3.2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. On average, Social Security retirement benefits will increase by more than $50 per month starting in January.
Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher cost-of-living. This change means prices for goods and services, on average, are higher. The cost-of-living adjustment (COLA) helps to offset these costs.
We will mail COLA notices throughout the month of December to retirement, survivors, and disability beneficiaries, SSI recipients, and representative payees. But if you want to know your new benefit amount sooner, you can securely obtain your Social Security COLA notice online using the Message Center in your personal account. You can access this information in early December, prior to receiving the mailed notice. Benefit amounts will not be available before December. Since you will receive the COLA notice online or in the mail, you don’t need to contact us to get your new benefit amount.
If you prefer to access your COLA notice online and not receive the mailed notice, you can log in to your personal my Social Security account to opt out by changing your preferences in the Message Center. You can update your preferences to opt out of the mailed COLA notice, and any other notices that are available online. Did you know you can receive a text or email alert when there is a new message waiting for you? That way, you always know when we have something important for you – like your COLA notice. If you don’t have an account yet, you must create one by November 14, 2023, to receive the 2024 COLA notice online.
“Social Security and SSI benefits will increase in 2024, and this will help millions of people keep up with expenses,” said Kilolo Kijakazi, Acting Commissioner of Social Security.
January 2024 marks when other changes will happen based on the increase in the national average wage index. For example, the maximum amount of earnings subject to Social Security payroll tax in 2024 will be higher. The retirement earnings test exempt amount will also change in 2024.
Be among the first to know! Sign up for or log in to your personal my Social Security account today. Choose email or text under “Message Center Preferences” to receive courtesy notifications.
You can find more information about the 2024 COLA here.
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Gayle T.
When will Missouri disabled people on social security paid on 3rd month get a direct deposit from a stimulus payment anything are just for illegals immigrants in big states
Orlando J.
When does the fourth similar checks come out for SSDI.
David W.
Why should we have to apply for any extra money it should be given to the ones who put in there 35 years or better automatically why do we have to you know chase after money that’s due to us
Eugenia F.
I’m trying to apply 4 the 200 month 4 2024 but can’t find it.
Shannon
Meee too I think it may be fake news
Mary N.
Mfcharmed@icloud.com
Elizabeth R.
I have been retired since 2012 and I have become very careful lately that I don’t respond to things that could make me poorer than I currently am. If and when there is a stimlus type program available just for seniors on SS I am concerned about filling out anything on line. It is my hope that if, in fact, we do get some kind of one time financial boost it is delivered like the stimulus checks were. There was no application to fillout..which meant less of a chance to steal information from people trying to get help.
Rhonda P.
Also curious about Biden signing the $2600 per month for social security. Is Rhonda it just false advertising?
truckerjers
I’m 70 years old and I cant the right help, like I said they don’t have all of my years that I work on my ssa account like I never work, I started work in 1968, My earnings Record start like working 0n 1970,1971,1972,1973,1974,1975, then no work from 1976-$0,1977$0,1978$0,1979$0,1980$0,1981$0,1982$0,1983$0,1984$0,1985$0,1986$01987$0, no work for all that time? WHAT THA F,then back to work in 1988? cant they see that!!! what did I live on???
C.B.
Hi, Truckerjers. Thanks for using our blog. You will need to go into your local Social Security office to correct your earnings record. When you go, you will need to provide proper ID and evidence of your missing earnings, such as W-2s, pay stubs, etc. Please read our publication “How to Correct Your Social Security Earnings Record” for more information. You can call our toll-free number at 1-800-772-1213 (TTY 1-800-325-0778) to make an appointment. Representatives are available Monday through Friday between 8:00 a.m. and 7:00 p.m. We hope this information is helpful.
Joseph A.
I don’t see anywhere on the website where it says I’m going to get a $2,600 raise in my social security income when I’m at full retirement age
April50
If you are on ssdi and are 50 years old do you get the extra $2600 a month and when do you get it? Do you have to sign up for it?
Richard C.
I think that this is just a rumor. Because I have searched and found nothing official from SSA.
Tracy P.
I don’t see ssa answering any of the questions posted about SS SSDI or SSI just some general answer about they don’t have access to your personal information. Wrong answer…they have access to your tax records how much you pay in and how much you owe them every year and your lifetime. So blow smoke up your own ass
Navywife114
Ok here’s the Hypothetical question –
Just say your a 62 year old on SSDI Do they qualify for the New Social Security increase of the $2,600.00 per month. If not why ?? Because SSDI & SSI recepients are struggling just like those age 65 and older.
David T.
See it’s what I have been telling people it’s not about Donald Trump it’s about the press being able to write and print a total lie,so now they are going to tell the poor we are giving you 2600 extra a month how great is our president,and the hold time it’s a lie to get people 65 older and said disabilty to vote for him,and at the same time break the hearts of millions people who would proudly use the money to help familie members who they haven’t been able to help,so get use to it but hey at lease we sent Trum to prison
D.Toms
Insurance companies and private owned companies are able to spread lies targeting poor disabled seniors to drain them dry of the 200 they get out there checks if you lucky,and y they get to lie trick hide because owners of these companies are the same one who are put at the capitol to protect us from that,I should have been politician,u can’t loose u make the law who benefits your company,sad but hey we did put that Donald Trump in prison
David W.
They get to lie to us and tell us we’re getting a raise that’s correct they want us to vote for the guys in office now not for the guy that wants to get in the office but I think they all lie they’ll tell us that one’s better than the other maybe that’s so but why do they get to lie to us and everything supposed to be based on the truth and we put the gun in the white house he works for us we don’t work for him but here later it feels like the poor and the needy get the worst end of everything because they they tell us all we’re going to get a raise or April’s going to be the month well you know I think it’s all lies I think that I’ll make my own decision based on the facts of the candidates not the lies that they tell and dreams that they promise cuz that’s not right when I love a bridge in a gallon of milk five I put in my 39 years of working and what do I get false promises