COLA Social Security payment schedule 2022 — Millions of Americans can get $4,194 in days – exact date you’ll get cash

NEXT year’s COLA is projected to be considerably higher, and millions could see up to $4,567 in benefits. The average monthly Social Security benefit is $1,657 this year, with a maximum amount of $4,194 per month. With the projected boost, the average benefit would rise in 2023 to almost $1,804, while the highest benefit would increase to $4,567. The yearly cost-of-living adjustment, which is based on the consumer price index, is used to determine Social Security payments. Meanwhile, Social Security payments have been sent out Wednesday for millions of recipients, but not everyone will receive a payment. Each month, about… Read Full Article