COLA Social Security payment schedule 2022 — Exact date you’ll get max $361 boost in 2023 increase – see if you qualify

MILLIONS of Americans are expected to receive up to $361 more in increased monthly payments next year. The Senior Citizens League (TSCL) has tweaked its 2023 COLA projection, now estimating that the COLA will rise to about 8.6 percent next year. The increase would mean that the average benefit would climb by about $143 per month to $1,800, and the maximum amount would jump by roughly $361 to $4,555. Social Security benefits are calculated every year based on a cost-of-living adjustment (COLA). Where the consumer price index (CPI) ends up toward the end of the year determines the following year’s… Read Full Article