COLA Social Security payment schedule 2022 — Average direct payment of $1,657 drops in DAYS – when to check your account

MILLIONS of Americans are in line to get their Social Security benefit payment with a cost of living adjustment to help fight rising costs amid inflation. According to the Senior Citizens League, the cost-of-living adjustment (COLA) could likely rise up to around 8.6 percent. The average benefit would increase by about $143 per month to $1,800, while the maximum benefit would increase by around $361 to $4,555. Social Security benefits are determined by the yearly COLA, which is based on the consumer price index. The average monthly Social Security benefit is $1,657 this year, with a maximum of $4,194 per… Read Full Article