COLA increase 2022 update – Exact dates you’ll see Social Security payments deposit in bank account

NEW SSI checks are on their way to Americans in February, with a COLA that will provide extra funds to Social Security recipients. The checks being issued this month are being sent out by the SSA in three waves according to the recipient’s birth date, on February 9, 16, or 23. The maximum Social Security benefit increased to $4,194 after higher payments have been issued in February’s first batch of checks. The cost-of-living adjustment (COLA) climbed to 5.9 percent beginning this year, impacting 64million claimants. Last month, an extra $200 payment was made available for SSI claimants that received at… Read Full Article