COLA Social Security payment $4194 drop

Credit: UNSPLASH

COLA Social Security payment schedule 2022: Installment of up to $4,194  USD will drop in DAYS as benefits increase in the year 2023

Credit: UNSPLASH

Within a few days, the Social Security Administration will send its second round of monthly Installments.

Credit: UNSPLASH

Every month, the SSA sends out payments on the second, third, and fourth Wednesdays.

Credit: UNSPLASH

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

Credit: UNSPLASH

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

Credit: UNSPLASH

The maximum is $4,194 USD a month, but the Social Security Administration estimates a higher COLA in 2023.

Credit: UNSPLASH

By increasing the COLA to 8 percent, the average monthly benefit could rise

Credit: UNSPLASH

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

Credit: UNSPLASH

Social Security benefits are not available in above countries

Credit: UNSPLASH

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

Credit: UNSPLASH

Azerbaijan
Belarus
Tajikistan
Turkmenistan
Uzbekistan
Kazakhstan
Kyrgyzstan
Moldova

Credit: UNSPLASH

The most and least dependent beneficiaries on Social Security, continued

Credit: UNSPLASH

According to top investors, Smart Asset found that residents in cities with low total retirement depend most on Social Security.

Credit: UNSPLASH

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

Credit: UNSPLASH

There are several communities in California with a high population of people aged 65 & over.

Credit: UNSPLASH

But they rely on SS for the least amount of their retirement income between 30.1 & 36.6 %.

WWW.DOHFWBIHAR.ORG

Thanks For Reading!

explore our latest stories now 

Click Here