Discover the latest update on the $4873 COLA Social Security payment 2024. Learn about eligibility criteria and payment dates to ensure you receive the financial support you’re entitled to.
The US government is offering various benefits to its citizens. The new monthly payment amount of $4873 for COLA Social Security 2024 Update is aimed at providing financial assistance to low-income families with retired workers. Individuals should verify their eligibility for the $4873 Social Security Payment and note that with a 3.2% increase in COLA, the monthly payment amount will rise. Eligible citizens are encouraged to review the article for details on the $4873 COLA Social Security Payment Date 2024 and the corresponding payment amount.
$4873 COLA Social Security 2024 Update
The United States government offers various monetary benefits to its citizens through numerous bills and income support programs. Retired senior citizens are receiving an additional benefit of $4873 per month, as confirmed by the recent $4873 COLA Social Security 2024 Update. This adjustment is made in response to changes in inflation rates, which can adversely affect citizens’ ability to cover grocery expenses and other debts. The Social Security Administration (SSA) calculates the Cost of Living Adjustment (COLA) based on data from July, August, September, and reevaluates it in October. If inflation exceeds the average, COLA may increase by up to 10.1%.
Individuals should verify their eligibility for the $4873 Social Security Payment based on their age and birth date. Payments are typically issued on Wednesdays. Additionally, the $4873 amount reflects a $200 increase compared to previous payments. Eligible individuals aged 62 or older are encouraged to review this article for updates on payment dates and amounts.
$4873 Social Security 2024
All retirees currently receiving payments will be eligible for the $4873 COLA Social Security 2024. This payment will be directly credited to their bank accounts according to the SSI Payment Dates 2024. For detailed information on payment schedules and entitlements, please refer to the provided table.
| Post title | $4873 COLA Social Security 2024 |
| Country | USA |
| Payment type | (SSI) Supplemental Security Income |
| Organization name | (SSA) Social Security Administration |
| SSI Increase Amount | 3.2% |
| Upcoming Payment date | 14 February 2024 |
| Amount of benefit | $4873 |
| Payment mode | Direct deposits |
| Payment dates | As per birth dates given below |
| Age limit | More than 62 years |
| Post type | Finance |
| Website | https://www.ssa.gov |
$4873 SSA Payment 2024
The $4873 COLA Social Security 2024 payment is designated for retired citizens aged 62 and above. This increase in payment amount, to $4873, is a result of inflation and will take effect from January 2024 onward. The $4873 Social Security Payment 2024 will be directly deposited into individuals’ bank accounts each month. Payment dates will vary according to individuals’ birth dates and may be affected by holidays. In case of any payment delays, individuals should contact SSA officials for assistance.
$4873 Social Security Eligibility 2024: Here are the eligibility criteria for the $4873 Social Security Payment in 2024:
- Individuals must be citizens of the US with little to no financial resources.
- They should have no income.
- If they have resources, the value should not exceed $2000.
- Citizens should be at least 62 years old, or have a physical or mental disability that prevents them from working.
$4873 Social Security Payment Dates 2024: Here are the payment dates for the $4873 Social Security Payment in 2024:
- Payments are scheduled based on individuals’ birth dates.
- If born between the 1st and 10th of the month, payment will be on the 2nd Wednesday.
- If born between the 11th and 20th of the month, payment will be on the 3rd Wednesday.
- If born in the last 10 days of the month, payment will be on the 4th Wednesday.
Be sure to check the provided table for the exact $4873 Social Security Payment Dates in 2024.
| Month | Birth date from 1st to 10th | Birth date from 11th to 20th | Birth date from 21st to 31st |
| January | January 10, 2024 | January 17, 2024 | January 24, 2024 |
| February | February 14, 2024 | February 21, 2024 | February 28, 2024 |
| March | March 13, 2024 | March 20, 2024 | March 27, 2024 |
| April | April 10, 2024 | April 17, 2024 | April 24, 2024 |
| May | May 8, 2024 | May 15, 2024 | May 222024 |
| June | June 12, 2024 | June 18, 2024 | June 26, 2024 |
| July | July 10, 2024 | July 17, 2024 | July 24, 2024 |
| August | August 14, 2024 | August 21, 2024 | August 28, 2024 |
| September | September 11, 2024 | September 18, 2024 | September 25, 2024 |
| October | October 9, 2024 | October 16, 2024 | October 23, 2024 |
| November | November 13, 2024 | November 20, 2024 | November 27, 2024 |
| December | December 11, 2024 | December 18, 2024 | December 24, 2024 |
$4873 Social Security Payment 2024 Amount: The COLA has increased by 3.2% due to inflation. Below is the table detailing the payment amounts for each individual:
| Recipient Type | Payment Amount 2023 | Unrounded $4873 Social Security Payment 2024 Amount | $4873 Social Security Payment 2024 Amount |
| Individual filers | $ 1097.44 | $11321.49 | $943 |
| Couple filers | $ 16453.84 | $16980.36 | $1415 |
| Essential individual | $5497.80 | $5673.73 | $742 |
$4873 Social Security 2024 Link
| Payment dates | Link To Check |
| $4873 COLA Social Security 2024 | Link To Check |
Summary:
The US Government is providing a $4873 COLA Social Security payment to eligible individuals, primarily retirees aged 62 or older. This adjustment accounts for inflation, increasing the monthly payment amount to assist low-income groups. Payments are made monthly on Wednesdays, varying based on recipients’ birth dates. Eligibility criteria include age, limited income, and resources, with adjustments made for individuals with disabilities. Recipients can expect timely payments via direct deposit, ensuring financial support to those in need. For more information on eligibility and payment schedules, individuals can visit the Social Security Administration’s website.
FAQs about $4873 COLA Social Security 2024 Update:
Who is eligible for the $4873 COLA Social Security payment?
Individuals aged 62 or older who meet certain income and resource criteria.
What does COLA stand for and how does it affect the payment amount?
COLA stands for Cost of Living Adjustment. It increases the payment amount to adjust for inflation.
How often is the $4873 Social Security payment made?
Payments are made monthly, typically on Wednesdays.
What is the payment date for individuals born between the 1st and 10th of the month?
They receive payments on the 2nd Wednesday of each month.
What about those born between the 11th and 20th of the month?
Their payments are made on the 3rd Wednesday.
And for individuals born between the 21st and 31st?
Payments are scheduled for the 4th Wednesday.
Is there an age limit for eligibility?
Yes, individuals must be 62 or older.
What if someone has a disability but is younger than 62?
They may still be eligible if their disability prevents them from working.
How is the payment amount calculated?
It is determined based on individual or couple filers, with adjustments for inflation.
Are there income and resource limits for eligibility?
Yes, recipients must have limited income and resources.
What should I do if I think I’m eligible for the $4873 payment?
Check the Social Security Administration’s website for eligibility criteria and application details.
Is there a way to receive the payment other than direct deposit?
Direct deposit is the primary mode of payment, ensuring timely and secure transactions.
What happens if the payment date falls on a holiday?
Payments are typically made on the previous business day if the scheduled date is a holiday.
How do I ensure I receive my payment on time?
Make sure your information is up to date with the Social Security Administration and contact them if you experience any delays.
Can I get assistance if I have questions about my eligibility or payment?
Yes, you can reach out to the Social Security Administration for assistance and guidance.
