2024 Social Security Cola Increase Date And Time. The social security administration announced on october 12, 2023, that benefits will. Recipients who have birthdates after the 21st of the month can expect their new boosted social security payments this wednesday, january 24.

Social security benefits will increase by 3.2 percent beginning with the december 2023. Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024.