For many Americans, the cost of food, petrol, and other necessities has increased due to inflation, but the sharp increases are particularly onerous for seniors receiving fixed Social Security income. A recently proposed law would increase beneficiaries’ Social Security benefits by USD 200 per month, or USD 2,400 yearly, to help with the gap that many seniors are facing. Social Security recipients may be eligible to receive checks totalling USD 2,400. Those who are 62 in 2023 may also be eligible for this check.
Instead of receiving a USD 2,400 payment all at once, they would get USD 200 over the course of a year. For seniors, having an extra USD 2,400 in a year would help them get through the challenges of inflation. It is unclear, though, whether or not this check will actually become a reality because this measure still has to be approved. So check this page to learn about USD 2400 Cola Checks Released Soon, USD 2400 Cola Checks 2024 Deposit Date.
$2400 Cola Checks Releasing Soon
Recipients of Social Security get an annual cost-of-living adjustment (COLA) but with the high rates of inflation this year, that gain might not hold up. The cost of necessities for consumers increased by the highest amount, when the consumer price index leaped a startling 8.6% over the same month the previous year. U.S. Representative and U.S. Senator proposed the Social Security Expansion Act in 2022. Anybody who is now receiving Social Security benefits or who turns 62 would get extra USD 200 in each monthly check under the Act.
The bill is appropriate in two ways. First of all, it comes after the Social Security Administration declared earlier this month that if nothing is done to strengthen the program, Americans will cease getting their full Social Security payments in around 13 years. Here i will be sharing updates on USD 2400 Cola Checks for SSI SSDI VA, Who is Getting 2024 COLA amount and How to Track USD 2400 Cola Checks.
$2400 SSI SSDI VA Cola Checks 2023-24 Details
| Article Topic | $ 2400 Cola Checks Coming |
| Country | USA |
| Name of Organization | Social Security Administration |
| Expected Date | Updating Soon |
| Category | Government Aid |
| Expected Amount | $2400 |
| Official website | ssa.gov |
Who is Getting $2400 Cola Checks 2024 Deposit Date
- In the upcoming month, you should anticipate getting two checks from the Social Security Administration (SSA), the second of which will be somewhat larger than the first if you are one of the millions of Americans who receive Supplemental Security Income (SSI). About 7.5 million low-income persons who are 65 years of age or older and have a handicap get monthly benefits from SSI.
- Despite being called monthly payments, a scheduling reason results in the issuance of two checks in the months of March, June, September, and December, and none in the immediately succeeding months of April, July, October, and January. In each of the remaining months, recipients get one check.
- SSI beneficiaries will get payments on December 29th of this year; however, the amount on the second check should be a little bit greater.
- The first check, which was received on December 1st, has a maximum amount of USD 1,371 for a couple and USD 914 for an individual.
- The 2024 cost-of-living adjustment, with maximums of USD 943 for an individual and USD 1,415 for a couple, will be reflected in the second check, though.
How to Track USD 2400 Cola Checks 2024 Status
- Access the Social Security Administration’s official website www.ssa.gov
- Find the “My Social Security” tab and then click on it.
- Then register for an account or log in.
- Locate and choose the “Benefits” option from the menu bar after logging in.
- Find the “SSI” option under the “My Benefits” section and click on it.
- The “Payment History” option may be found by scrolling down the page.
- Now you can see your USD 2400 Cola Checks 2023-24 Status in the Payment History
Cost-of-Living Adjustments- Explained
- In order to guarantee that monthly payments keep up with growing expenses, Social Security benefits and SSI payments are subject to an annual cost-of-living adjustment (COLA) based on inflation rates each year.
- The Social Security Administration (SSA) declared in October that recipients will get a 3.2% rise for 2024, increasing the highest SSI payment by USD 30 and the average monthly payout by over USD 50.
- Higher payments will be made to Social Security recipients in January, and to SSI recipients beginning on December 29. Early in December, the SSA will start mailing beneficiaries to inform them of their increased monthly benefit amount.
- Third-quarter data (July, August, and September) from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is used to calculate cost-of-living adjustments.
- The adjustment for 2024 has dropped to 3.2%, more in line with the 2.6% average annual rise observed over the previous two decades, due to decreases in inflation over the preceding year.
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Emily Tedesco is a finance expert with five years of experience, specializing in Social Security and stimulus checks. She graduated from the University of South Carolina and has since made significant contributions in simplifying complex financial topics for the public. Emily is known for her practical advice on maximizing benefits and understanding federal stimulus programs, helping people make informed financial decisions.
I hope it comes soon enough for me to get a place
Yes I hope I get it soon so I can get a place and to replace some stuff I lost. Rent around me is 1000.00 and up rediculase how in the world can a person survive this life.
They need to raise our ssdi by at least 200 dollars more a month before the pandemic I could afford the rent and still have money left over now there is no way and I pay my own utilities if they would stop paying the people on Capital Hill so much and stop sending so much money over seas and take care of the people here things would be a lot better bottom line they need to raise our ssdi and ss at leady 200 dollars
If your 61 with a disabled will you get a stimulus check?
If I am 60 years old do I am quality
I hope we get big $2,400.at would help me out alote too move on the 2,400 been nice at help me out alote with at $ 2,400 thank you so much help me out to get what I move on at
Thank you so much be nice help me own 45 year old
Do I qualify for the stimulus check
I hope I get a stimulus check soon time is tough for me
Help me I need the extra $200 a month on my SSD and I’m just making it
Me too…. I’m now forced to live in my van….my SSDI wasn’t going up but my RENT sure was!
We never here anything on the news about any kind of stimulus check my wife and I are on SSI and we want to know what’s going on.
If you tell me what city, state you live in i can find you a place to live in your budget
I live in Philadelphia I’m on SSD And I received 914 a month am I rent is $550 per month I barely have enough left over but I’m striving to make it work can you please help me find someone else to go That’s cheaper
My name is Therese, I’m 52, single f, and on SSI. I’ve been homeless for 10 yrs and have tried to get housing. Somehow I keep slipping through the cracks. I live in Nashville, TN. Can you help me find a place?
Those of us living in Texas isn’t getting anything.
I really want to know why these payments are called, “Stimulus Checks”? They are our regular Social security checks. We just get them early at the end of certain months because the 1st falls on a Saturday or Sunday of the next month.
There’s nothing extra about it. I truly wish it was an extra check. Try living on $914.00 a month. It isn’t easy. We struggle on whether to pay a bill or have enough money to repair a badly needed vehicle.
Thank God there’s a program for food, whether it be food stamps or the food bank, there is truly something there to benefit from.
It’s sad the United States help other’s in different countries and we are lacking, A lot more of American people is suffering right now, Especially the elderly it’s so sad .
I know exactly what you mean . Don’t get me wrong I’m thankful for the 914 every month but I’m broke almost as soon as I get my check from the cost of bills
I KNOW WHAT THIS FEELS LIKE. EVEN AN AVERAGE AMERICAN CANT MAKE IT THESE DAY’S. THEY’RE STARTING TO LIVE OFF THE STREETS. DUE TO THE COST OF LIVING. WE NEED TO KEEP PRAYING FOR OUR OWN PEOPLE. IN JESUS NAME.
I’m in the same boat..here in Oklahoma. Luckily I had paid off my home but my roof is collapsing I can’t fix it lol . But I had to go on disability my medical conditions were bad I couldn’t keep a job and be reliable…I can’t imagine how young people are making it today
I understand your hardship as well. I’m in the same boat. It’s just sometimes I feel that the government would rather just sink our boat. I’d like jyst one of them to volunteer to live on what we make for just 1 year. Heck, they probably wouldn’t make it one month. And God forbid you need something extra. The car repair anything and a battery my van is down now I need a battery. Those nights where you’ve tried so hard that you can’t cry anymore and you just aimlessly walk around your house looking to see if there’s anything valuable you can sell. They wouldn’t be able to survive.
I’m on disability and I’m 58 year old will I get one
Would like any information on my stimulus check, along with my disability too
Any information on this is greatly appreciative!
It’s high time someone pay attention to and be cognizant of the needs of the United States citizens instead of sending money to fund wars for people to kill each other. How ridiculous!
This isent right no body can live on 1000 dollars a month it’s impossible and sad there already handicap and can’t do nothing about it so let’s let the handicap struggle to live prayers for all of them and stuff needs to stop going up for one foods out of control
Everything is out of control our bills have went up more than what we will get for a raise. And our furnace went out
I live off of social security and disability. Out of bother checks I recieve 648 dollars. But 384 a month on back child support which is my responsibility. Still living off of 648 dollars a month sucks. Can’t work even if I wanted to. So any type of raise would be great for me.
I’m on disability, I have received my regular disability, but nothing other thann that. Will I get anything.
IT DOESN’T HELP ME TO GET A COLA RAISE BECAUSE WHEN I GET A RAISE THE FOOD STAMPS PROGRAM TAKE WHAT EVER THE COLA RAISE AND TAKES THAT AMOUNT OUT OF MY FOOD STAMPS AMOUNT AND THEN SECTION 8 HOUSING AUTHORITY RAISES MY RENT TO THE PERCENTAGE OF THE COLA RAISE
MY FOOD STAMPS IS 107 TAKE THE 50 OUT AND I’M LEFT WITH $57.00 FOR FOOD AND SECTION 8 PAYMENT IS $27.PLUS THE COLA RAISE FOR MY RENT ENDS UP BEING $75
Yeah the government’s all messed up I think they ever make Congress in all of them sees their bank accounts and make them live off 914 a month guess what we wouldn’t have no Congress that’s all die
I don’t mean to sound ungrateful but they need to figure in all factors of living rent food gas electric and children I mean come on how do you expect people not to go homeless with only getting 914 a month I mean if you are trying to stomp us out at least be honest about it 🤔
SSI should get one even if you’re not 65. I will be 62 in April. SSI is under the poverty line so they should be doing something about that. I’m not making it though the month with what I get paid
There is really no help in the American economy just a lot of brainwashing to get the citizens to believe something that’s not true we all knows the cost of living is out of control and the state funding is poor I don’t see why other countries think so high of America because we the people can’t afford to live this paper recycling system there is really no help food stamps only last for 3 weeks if that family are struggling big time many have lost everything until homeless is the new word for home now no one really cares about us only dollars for survival this whole system was built for make believe that’s it god bless us Americans lol are you joking right I’m just saying
Hello, I’m 51, on SSI, will I receive this stimulus check??? They should be for everyone, everything is so expensive these days……thanku…..
When we got them last year we didn’t have to apply for those who are on SSI and we get the full amount of checks so we should get them the same way and then I’m guessing around the same time around March but we’ll probably have to call the US Treasury department since they’re the ones that hang out the checks not SSA
Hello, I’m 51, on SSI, will I receive a stimulus check??? I believe everyone should get one, cost of living so high….
It all comes down to (we the peaple ) think about it ? why can’t the government give all American citizens legal ones a government check young and old evey mouth other countries do that’s why they don’t have a homeless problem
I think all senior citizens should get 200 dollars in food stamps an at least 1500 in social Security! Rent is outrageous, food is ridiculous, an we are barely able to survive! This country helps everyone else but not it’s citizens! How sad!!
I got raise on my ssi and they took half my food stamps from
I am 44 but I am disabled and on SSDI, do I qualify for the additional 2400 USD?
I think our government should have to pay rent and buy food on 914.00 a month and just see how loo ng they have no money, oh yeah and not have any assets more than 2000.00 cause I sure can’t my money is gone within hours of getting it.
Do I qualify for the check
I am 64 and I get SSI & SSDI I don’t work Will I get 2400. Everything is so expensive. I would like to see to see other people that have a lot of money try to see them live on 2 checks. They would not be able to do it, they wouldn’t know what to do
Your doing good um 62 and I get ssi and only I get 949 dollars a mouth and they u can back out with that I think they should come to east carbon and look at the prices of everything and I think everyone ssi and ssdi should get a list 3000 mouth
Would I qualify for any assistance stimulus check
Am I going to am I going to get any kind of assistance with stimulus checks text?
I would like the people think 943 dollars a mouth can pay all your bill is anough money and food stamps to live if you live in Utah cost of live us so hi u can’t make it. And I would like to see the people how make this decision up ssi it a nought money to make it. I would like to see them make on 943.oo dollars and 100 dollars food stamps a mouth no saving and never get a head of bill when food and rent keep going up everyday. When I live cist of live is so hi for a small town. Now days u have to have at least 3000.00 dollars to get into home then your rent us 800.00 to 1500.00 dollars a mouth to rent . So u think a 30 dollars raise is going to help .your rough it still won’t help stop looking at the rich people start looking at the people are really have a hard time in living.i not think you look at the people are having a hard time can not get a head when u still get a big pay check every mouth so with this little money I get my food stamps well go way down