"2024 Social Security Update: New Benefits, COLA Increase, and Payment Schedules"

In 2024, retirees over the age of 67 are set to receive an increase in their Social Security benefits, with specific amounts such as a $4,200 payment for low-income individuals and various stimulus checks being mentioned. The Social Security Administration will distribute payments on different dates in January, based on the recipient's birth date and other factors. Additional Security Income (SSI) beneficiaries received a COLA increase on December 29, ahead of the January schedule. It's important for recipients to be aware of their payment dates and to apply for benefits when eligible.