Social Security Schedule: When the First COLA Checks Will Arrive in January 2022




mixetto / Getty Images
mixetto / Getty Images  

The Social Security Administration has released the schedule of Social Security payments for 2022. These payments will be the first to include the new 5.9% cost-of-living adjustment (COLA).

Social Security: What Matters Most to You?
Explore: Revamped Social Security Bill To Improve COLA for Seniors Seeks Widespread Support

If your birth date is on the 1st of the month through the 10th of the month, your benefits will be paid on the second Wednesday of the month. For January's first payment, this means benefits will be paid on January 12, 2022.

If your birth date is on the 11th of the month through the 20th of the month, benefits will be paid on the third Wednesday of each month. For January's first payment, this lands on January 19,2022.

If your birth date is on the 21st of the month through the 31st of the month, benefits will be paid on the fourth Wednesday of each month. For January's first payment, this equates to a benefit payment on Jan. 26, 2022.

The full schedule of next year's benefit payments can be found on the Social Security Administration's schedule here. These payments will include the largest COLA update in almost 40 years, provided in an attempt to hedge runaway inflation that is currently running at 6.2% over the last 12 months.

Social Security Analysis: Why CPI-E Is 'Better Index for Measuring Inflation' In Terms of COLA for Seniors
Find: Social Security Got Its Biggest COLA Bump Ever - Are Rising Food Prices Covered?

If you believe your Social Security benefit check is not adequate to supply your monthly expenses, it's possible to apply for Social Security Supplement Income, which can be an additional benefit paid on top of your monthly check.

  • 5 Things Most Americans Don't Know About Social Security

  • 11 Social Security Mistakes That Can Cost You a Fortune

  • Social Security Benefits Might Get Cut Early - What Does It Mean for You?

  • 10 Reasons You Should Claim Social Security Early

This article originally appeared on GOBankingRates.com: Social Security Schedule: When the First COLA Checks Will Arrive in January 2022

COMMENTS

More Related News

13 Best Places on the West Coast for Couples To Live on Only a Social Security Check
13 Best Places on the West Coast for Couples To Live on Only a Social Security Check

As of March, the average monthly Social Security benefit is $1,618.29 for an individual, according to the Social Security Administration (SSA). Doubling up...

LGBTQ+ Social Security: What Survivor Benefits Are You Eligible For?
LGBTQ+ Social Security: What Survivor Benefits Are You Eligible For?

Roughly 4 million widows and widowers receive survivor's benefits from their spouse's payments into Social Security, according to SSA.gov. In the past, LGBTQ...

As Social Security Turns 87, Democrats Warn GOP Wants to
As Social Security Turns 87, Democrats Warn GOP Wants to 'Put It on the Chopping Block'

President Franklin D. Roosevelt signed the Social Security Act into law on August 14, 1935, and Democratic leaders on Monday celebrated the 87th anniversary ...

12 New Social Security
12 New Social Security 'Compassionate Allowances' - Can You Get a Faster Pay-Out?

The Social Security Administration has added 12 new health conditions under its Compassionate Allowances program, meaning people with these conditions now...

How Many Hours Can You Work and Still Collect Social Security?
How Many Hours Can You Work and Still Collect Social Security?

As the name would imply, Social Security retirement benefits were meant to be paid out to beneficiaries after they stop working. Discover: What Is the...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • cialis dosage
    (2021-12-05 04:27:22Z)

    cialis without a doctor prescription https://cialiswithdapoxetine.com/# cialis tablets

    REPLY
  • cialis online
    (2021-12-05 09:31:01Z)

    cialis tablets https://cialiswithdapoxetine.com/# cialis alternative

    REPLY
  • uujlkpmr
    (2022-06-13 14:25:55Z)

    http://hydroxychloroquinex.com/ buy hydroxychloroquine online

    REPLY
  • ksfxejno
    (2022-06-13 21:03:53Z)

    hydroxychloroquine 200mg plaquenil hydroxychloroquine 200mg tablets

    REPLY
  • uhhpyqaq
    (2022-06-13 23:32:32Z)

    how to get hydroxychloroquine tablets

    REPLY

Top News: Economy