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Published: Feb 26, 2024 4 min read
Social Security check sticking out of an envelope
Olive Burd / Money; Getty Images

The last round of February Social Security checks is headed to some beneficiaries this week.

These Social Security payments should reflect the new 3.2% cost-of-living adjustment (abbreviated COLA) for 2024. That’s lower than last year’s historic 8.7% increase, but still above average due to lingering inflation.

This year's COLA is expected to increase the average Social Security payment by $50 a month. The average monthly payment for all beneficiaries is about $1,770, according to recent data from the Social Security Administration.

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When will I get my February Social Security payment?

The SSA will send out payments for beneficiaries with birthdays between the 21st and 31st the month on Wednesday.

If you only receive Social Security benefits and did not claim before May 1997, your payment date is determined by your birthday. Beneficiaries who have a birthday between the 11th and 20th of the month were paid on Feb. 21.

Payments for beneficiaries who have a birthday that falls between the first and 10th of any given month should have received their checks on Feb. 14.

The SSA distributed Supplemental Security Income payments on the first of the month. Social Security payments for recipients who started claiming benefits before May 1997 — and those who receive both SSI and Social Security benefits — went out on Feb. 2.

Where is my Social Security check for this month?

If you think your Social Security check didn't arrive on time, you can reach out to the SSA. But you're encouraged to wait three business days before ringing up the agency to inquire about your payment. You can call any weekday between 8 a.m. and 7 p.m. at 1-800-772-1213.

You can also view your payment status by creating or logging into your Social Security online account under “Benefits & Payments.”

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What is the SSA's 2024 payment schedule?

Payments for beneficiaries who receive only Social Security typically get distributed on the second, third and fourth Wednesday of a given month, depending on birth date. Recipients of only SSI usually get their payments on the first, unless it falls on a weekend or federal holiday.

In this case, payments for SSI beneficiaries are moved to the previous business day, which means sometimes they will receive two payments one month and none the next. Beneficiaries of both SSI and Social Security (and those who claimed before May 1997) usually receive SSI on the first of the month and Social Security on the third — unless it falls on a holiday or a weekend, in which case these payments are also moved to the previous business day. That's what's happening in February.

How do I calculate my Social Security payment?

Your Social Security benefit is based on your average indexed monthly earnings during the 35 years you earned the most income. The SSA then applies a formula to figure out your primary insurance amount (called your PIA).

You can see your earnings history and calculate your benefit by creating or logging into your online account on the SSA’s website. The SSA offers a digital benefits calculator and other online tools to help you navigate your benefits.

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