COLA Social Security payment schedule 2022 – $4,567 bonus payment being sent in MONTHS – are you eligible?

WITH inflation on the rise and no end in sight, Social Security claimants could receive another boost in monthly payments. Each year, Social Security benefits are calculated based on a COLA. The consumer price index impacts the COLA, depending on where it winds up at the end of the year. In March, the index surged by 8.5% – mostly as a result of the conflict between Russia and Ukraine, but also because of supply and demand not aligning. The Senior Citizens League (SCL) is now revising its 2023 COLA estimate as a result. The payments were increased to $1,657 in… Read Full Article