Updates on 2023 Social Security COLA — The initial installment of the new $4,555
payments is about to be deposited into accounts – check out the schedule
Social Security beneficiaries are eagerly anticipating the arrival of three
If your birthday falls between the 1st and the 10th of the month, you can expect to
receive your first September Social Security payment on Wednesday.
For those born between the 11th and the 20th, your payment will be deposited on September 20th.
Lastly, recipients with birthdays after the 21st will find their funds in their accounts on September 27th.
Thanks to this year's COLA adjustment, the maximum benefit for recipients is now
Set at $4,555, while the average check comes in at $1,827.
Set at $4,555, while the average check comes in at $1,827.
Americans who receive Social Security benefits can continue working,
But they must adhere to specific income limits established by the Social Security Administration.
In 2019, a significant number of Americans, totaling 69.1 million,
were recipients of either Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) benefits.
If you fall into this group and your monthly income exceeds $1,350
there is a potential risk that you might lose your existing benefits.
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