Extra Social Security Payment In 2024. All social security recipients saw a 3.2 percent cost of living adjustment in 2024 to make up for the impact of inflation on their benefits. The social security administration will pay out your $1,000 first;

That could mean adjusting your spending to try to reduce expenses, or dabbling in the gig economy for. While the 2024 cola adjusted social security checks based on inflation, not everyone believes the payment update adequately reflects the price hikes seniors are seeing on healthcare and.