All eyes will be on the first Social Security payments of 2023 when the 66 million beneficiaries’ checks will begin to reflect the record-breaking cost of living adjustment (COLA).
Dates to Pay Attention to in the Social Security Payment Schedule for 2023
As stated by Yahoo Finance, the Social Security Administration will offer an increase of 8.7% in the new payment amounts for 2023, making it the highest adjustment it has provided since 1981 and the fourth-largest COLA in program history. According to AARP, that will amount to an average increase of $146 per check.
Since the first of the month is a holiday and a weekend day in 2023, Supplemental Security Income recipients will receive their first checks on December 30. However, general Social Security recipients will continue to receive their payments on Wednesdays depending on their birthdate. This cadence is as follows, as previously reported by GOBankingRates.com:
- Recipients are paid on the second Wednesday of every month for birth dates that fall on the first through the tenth.
- Recipients are paid on the third Wednesday of every month for birth dates that fall on the 11th through the 20th.
- Recipients are paid on the fourth Wednesday of every month for birth dates that fall on the 21st through the 31st.
Here is the complete Social Security payment schedule for 2023 based on this general rule. Mark these dates on the new calendar that you just opened.
January 2023 Payments
Second Wednesday: January 11
Third Wednesday: January 18
Fourth Wednesday: January 25
February 2023 Payments
Second Wednesday: February 8
Third Wednesday: February 15
Fourth Wednesday: February 22
March 2023 Payments
Second Wednesday: March 8
Third Wednesday: March 15
Fourth Wednesday: March 22
April 2023 Payments
Second Wednesday: April 12
Third Wednesday: April 19
Fourth Wednesday: April 26
May 2023 Payments
Second Wednesday: May 10
Third Wednesday: May 17
Fourth Wednesday: May 24
June 2023 Payments
Second Wednesday: June 14
Third Wednesday: June 21
Fourth Wednesday: June 28
July 2023 Payments
Second Wednesday: July 12
Third Wednesday: July 19
Fourth Wednesday: July 26
August 2023 Payments
Second Wednesday: August 9
Third Wednesday: August 16
Fourth Wednesday: August 23
September 2023 Payments
Second Wednesday: September 13
Third Wednesday: September 20
Fourth Wednesday: September 27
October 2023 Payments
Second Wednesday: October 11
Third Wednesday: October 18
Fourth Wednesday: October 25
November 2023 Payments
Second Wednesday: November 8
Third Wednesday: November 15
Fourth Wednesday: November 22
December 2023 Payments
Second Wednesday: December 13
Third Wednesday: December 20
Fourth Wednesday: December 27