Social Security Schedule: When August 2022 Benefits Will Be Sent

 

Social Security checks expire in early August. With rising inflation, Social Security's cost of living is expected to rise to 5.9% in 2022, the highest in almost four decades, and even higher in 2023.


Here's How

Search:

7 Important Social Security Facts For 2022
Here's Your August Social Security Plan:

Wednesday 10th
Birth Date Is 11 If it is between the 10th and 20th, the payment will be made on Wednesday, August 10th. 17.
If your date of birth is between the 21st and 31st, payment will be made on Wednesday, August 24th). The SSI program remits monthly payments to adults and children with disabilities (or partial or complete blindness) who are unable to work. SSI recipients must continue to meet financial eligibility. SSI is also available to individuals over the age of 65 who have limited income or financial resources.


Related Video: Social Security Benefits May Increase With Inflation Rising 3 and SSI on May 8

Social security increase has drawbacks | Watch (msn.com)

1. If you don't receive your payment on the expected date, the Social Security Administration says you should allow 3 more mailing days before contacting the agency.


As of June 2022, the average Social Security check for all beneficiaries is approximately $1,542, while SSI recipients receive approximately $623 per month. Latest estimates show that inflation could push COLA to 10.5% in 2023. According to The Senior Citizens League, a 10.5% COLA increases your average monthly retirement benefits by $175.10.