COLA Social Security payment schedule 2022 — Millions of Americans could get massive $4,567 bonus checks in just months

MILLIONS of Americans could see huge checks in just months thanks to another potential increase in the cost-of-living adjustment (COLA). In 2022, the new COLA, which measures data from the consumer price index, was boosted by 5.9 percent by the Social Security Administration. But the Senior Citizens League (SCL) is now revising its 2023 COLA estimate and says COLA could rise again to about 8.9 percent, according to multiple media reports. That huge jump would result in an average benefit of about $1,804 for Social Security claimants. The maximum would jump by roughly $373 to $4,567. Read our COLA 2022… Read Full Article