When will the cost-of-living adjustment be sent out by Social Security?
In 2022, Social Security recipients will see a 5.9% increase in their cost-of-living adjustment.
The Social Security Administration has now released a timeline for when the increased payments will be received.
If your birthday falls between the 1st and the 10th of the month, your benefits will be paid on the second Wednesday of the month, according to GoBankingRates.com.
This means that benefits will be paid in January.
Benefits will be paid on the third Wednesday of each month for those born on the 11th through the 20th of the month, beginning in January.
The year is 2022.
Benefits will be paid on the fourth Wednesday of each month to people born on the 21st through the 31st of the month.
The payments for January will be made on January.
June 26th, 2022
A complete schedule of benefit payments can be found here.
The Social Security Administration estimates that 80 million Americans will see their benefits increase.
The historic increase, which is the largest in 39 years, comes amid rising inflation and Medicare Part B premium increases.
The increase will bring the average monthly Social Security payment for retirees to (dollar)1,657.
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