Social Security payment dates for the remainder of January

In January 2024 and throughout the year, the Social Security Administration (SSA) increased its and Supplemental Security Income (SSI) payments. The increase from the cost of living adjustment (COLA) reached 3.2%.

COLA ensures that the purchasing power of Social Security and SSI benefits remains in line with inflation. That is, it avoids loss of purchases for its beneficiaries. So, for coal to rise, inflation must rise. This is calculated by taking the percentage increase in the Consumer Price Index for Urban Salaries and Employees (CPI-A) in the third quarter of each year.

According to SSA statistics, in 2023, the average payment for retired workers reached $1,848 USD per month. Meanwhile, the figure rose to $2,939 USD for couples filing their tax returns jointly. By 2024, average payments are projected to increase to $1,907 USD for an individual retiree and $3,033 USD for retired couples, with a marginal increase in COLA of 3.2%.

Payment dates For the rest of January

The office established a monthly schedule for payment of checks based on the date of birth of the recipients.

For those born between the 1st and 10th, the payment is received on the second Wednesday of the month, those born between the 11th and 20th on the third Wednesday and those born between the 21st and 31st on the last Wednesday.

During the remainder of January, the Social Security Administration will continue to make payments to retirees and other beneficiaries of its programs.

Second Wednesday of the month (January 10): Beneficiaries with birth dates between 1st and 10th.

Third Wednesday of the month (January 17): Beneficiaries with birth dates between 11th and 20th.

Fourth Wednesday (January 24): Beneficiaries with birth dates between 21st and 31st.