Cola increase 2022 Social Security updates

How much extra will I receive?

The COLA payment increase is 5.9%, so depending on how much you typically receive each month in benefits, you’ll see a slight change.

For example, retirees who receive $1,565 per month will now get $1,657 in benefits, according to the Social Security Administration.

For a retired couple who are both receiving benefits, the average monthly check will increase from $2,599 to $2,753 in the new year.

If you don’t receive the average, simply add 5.9% to your current monthly check to estimate how much you’ll receive.

Social Security claimants are usually notified by mail starting in early December about their new benefit amount. Cola increase 2022 Social Security updates


Daily Nation Today is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button