COLA Social Security increase 2022 – Exact date monthly $1,657 check hits accounts

THE exact dates millions of retirees will get enhanced $1,657 Social Security payments have been revealed. In 2021, the average monthly payment for retired workers was $1,565, and that rose to $1,657 with the 5.9 percent COLA increase. This month’s first batch of SSI checks is on the way to help recipients out with increased funds. The checks being issued this month are being sent out by the SSA in three waves according to the recipient’s birth date. The payments go out three Wednesdays a month. The maximum benefit for someone who retired at age 70 in 2021 was $3,895,… Read Full Article