COLA Social Security payment schedule 2022 - Payments of up to $4,194 will drop in DAYS as benefits increase in 2023

Within a few days, the Social Security Administration (SSA) will send its second round of monthly payments.

Each month, the Social Security Administration sends out payments on the second, third, and fourth Wednesdays.

You will receive your check on July 20 if your birthday is between July 11th and 20th, and on July 27 if your birthday is 21st or later.

Checks were mailed on July 13 to those with birthdays between the 1st and 10th of the month.

The average Social Security benefit is $1,657 this year, and 

The maximum is $4,194 a month, but the SSA estimates a higher COLA in 2023.

By increasing the COLA to eight percent, the average monthly benefit could rise 

From $133 to $1,790, while the maximum benefit could increase from roughly $336 to nearly $4,530.

Social Security benefits are not available in these countries

Benefits cannot be sent to the following countries if you moved there:


The most and least dependent beneficiaries on SS, continued

According to GoBankingRates, SmartAsset found that residents in cities with low total retirement depend most on Social Security.

Furthermore, Social Security benefits account for more than a quarter of retirement income in every location studied.

Miami has the lowest percentage of Social Security income making up overall retirement income, at 26.90 percent.

There are several communities in California with a high population of people aged 65 and over, 

But they rely on Social Security for the least amount of their retirement income between 30.1 and 36.6 percent.

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