Social Security Increase 2024 Date. The awi is used to index an individual's earnings through age 60 in the benefit. How much your receive depends on several factors, including the age when you retire.

The social security administration said the increased payments with the 2024 cola for supplemental security income (ssi) recipients began december 29, 2023, as january 1 is a holiday. Checks will be disbursed on scheduled wednesdays each month.