Social Security Recipients Receive Double December Payment
The second check includes the 2024 cost-of-living adjustment, marking a 3.2% increase.
- About 1 in 10 Social Security recipients will receive a double December payment, with their second monthly check arriving on December 29 due to a quirk in the system for the Social Security Administration's Supplemental Security Income (SSI) program.
- The 2024 cost-of-living adjustment, or COLA, is set for a 3.2% increase, marking the smallest increase in three years.
- The average SSI check will rise to $943 per month in 2024, up from $914 per month in 2023, according to the Social Security Administration.
- The benefits hike for the nation's 7.5 million SSI recipients will begin on December 29, 2023.
- Retirees born between the 1st and 10th of a month will receive payments on Wednesday, Jan. 10. Those born after the 11th of the month will receive their payments in one of the two later disbursements.