COLA Social Security payment schedule 2022 — Payments of up to $4,194 arrive in DAYS as 2023 boost to be revealed

MANY Americans are expected to receive checks totaling up to $4,194 in just one week as a huge increase in Social Security benefits is projected for 2023. According to the Senior Citizens League, the cost-of-living adjustment (COLA) would climb 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