These beneficiaries are first to receive a new cost-of-living adjustment for 2024. Here’s what to watch for

By Lorie Konish, CNBC | January 3, 2024

Former Emerging Leader Fellow Kate Vengraitis spoke to CNBC about ongoing pitfalls for recipients of Supplemental Security Income as the Social Security Administration increases benefit payments for the new year.

Beneficiaries who rely on monthly checks from the Social Security Administration will get a 3.2% benefit increase now that the calendar has turned to 2024.

Those who receive Supplemental Security Income, or SSI, are first in line to receive those enhanced benefit checks.

About 7.5 million SSI recipients started receiving their first checks for 2024 on Dec. 29, according to the Social Security Administration.

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