In just a month, many Americans could see their Social Security checks change — and some are wondering how much they’ll get.
This came like new Cost of living (COLA) is set to rise to 5.9%.
When change is not ideal because it adjusts to nature inflationary, the average level in 2022 Social Security benefits will increase by $92 — from $1,565 to $1,657 a month, according to the Social Security Administration.
Tens of millions of Americans will see larger checks due to the COLA change.
As the dates resume in December, the SSA will mail notices to those who are claiming checks.
But there is a way to get your new Social Security benefit amount sooner.
You will need to do this online using the message center in Social Security Account.
“You can access this information as early as December prior to mailing notice,” the SSA wrote in a blog post.
Alternatively, to make things easier, you can push notifications – meaning you’ll get a text message on your phone or an email when you have a new message waiting in your inbox.
However, if you don’t have an account yet – unfortunately, the deadline for COLA online notifications has passed.
That means you’ll have to wait patiently until the notification arrives at your door.
You can also calculate it’s up to you to get a rough estimate. For example, a 5.9% gain of $2,000 is $2,118.
The new checks will go into effect January 2022.
Before you claim Social Security, we explain five things you need to do.
We also explain how work while a Social Security claim affects your check.
Also, find out if you will Losing by withdrawing money from your retirement account too soon.
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https://www.the-sun.com/money/4190433/social-security-how-much-2022/ How to find out what you’ll get in Social Security in 2022 as soon as it’s in the mail