When will December 2022’s Social Security benefits be paid?

 

Social Security recipients will receive new payments in 2023, but they will still receive one more check in December. We have you covered if you’re looking for exact dates and release schedules. It was announced that the 023 cost-of-living adjustment (COLA) would be 8.7% during the month of November. According to the Social Security Administration, this increase is the most in 41 years. The final payment for 2022 won’t, however, take that change into account.

People who receive this final payment in 2022 will continue to receive the 5.9% COLA, which doesn’t aid seniors at all because of the nation’s 8% inflation rate. As you are all aware, the same exact monthly schedule will apply to Social Security payments in December. The second, third, and fourth Wednesdays of each month will see the release of payments. Here is a brief explanation of how these payments will operate for all seniors.

When can you expect your December social Security payment?

People whose birthdays fall between the first and tenth of the month will receive their first payment on December 14 as they have for the previous year. People will receive their payments on December 21 if their birthdays are between December 11 and December 20. Not least, those whose birthdays fall on December 21 through December 31 will receive their payout on December 8. This sum represents the last payment using the previous COLA percentage.

Remember that the 2023 revised COLA check schedules will begin to be implemented in the closing weeks of 2022. The SSA recommends that people wait three extra postal days before calling the organisation if they don’t receive their payment on the anticipated date. Seniors who are also eligible for the SSI programme received a payment in November after not receiving one in October. According to the SSA, these benefits are typically paid on the first of each month.

 

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