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.
https://www.the-sun.com/money/4415351/cola-increase-2022-social-security-new-automatic-payments/ Cola increase 2022 Social Security updates
