Millions of Social Security recipients will start next week to receive their COLA boost.
Millions of Social Security recipients will start next week to receive their COLA boost
The largest Boost since The ‘80s
The 2023 COLA Social Security boost is the largest boost since the 1980s, it is set to increase by 8.7 percent in every eligible recipient. SSI and SSDI will have the payments by the first of December and on December 30. It was supposed to deliver on New Year however it is a holiday so they will grab checks two days earlier.
Compared to Social Security payments are always made on Wednesdays, depending on their date of birth.
Social Security Payment Schedules Depend On Birth Date
Anyone whose birthday falls between the first and the 10th of a month can anticipate receiving their money on the second Wednesday of every month.
Every third Wednesday of each month is when benefits will be distributed to people whose birthdays fall between the 11th and the 20th of the month.
Everyone whose birthday falls between the 21st and the 31st of the month can expect to get their payment on the fourth Wednesday of each month.
