New $1,657 COLA 2022 Cheques Were To Be Paid Out, Did You Receive Yet?

Millions and trillions of social security recipients in the United States of America will receive a $1,657 check today, January 19, with checks arriving on the third Wednesday of each month, beginning today, for those born between the 11th and the 20th, reports The Republic Monitor.

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Supplemental Security Income (SSI) recipients will receive an additional boost of $821 in addition to the future instalments. Due to the new COLA also known as cost-of-living adjustment and the holidays, these claimants received two checks in December, with a third scheduled to arrive on February 1.

The monthly ceiling for SSI has increased from $794 per month in 2021 to $841 in 2022, according to the Social Security Administration. This affects a large number of people in the United States, with the Social Security Administration reporting in July that more than 7.8M Americans get SSI benefits.

Are Social Security And SSI Benefits Available To Seniors?

They certainly have the ability. Social Security payouts for about 70 million elderly Americans increased by 5.9% as a result of the COLA, the largest increase in 40 years. The amount of money you get each month is determined by your work history and when you initially applied for benefits.

Disability beneficiaries, retirement and survivors received COLA letters from the Social Security Administration (SSA) in December. Any Americans who have been waiting for these recalculated cheques should expect them soon.

Are You Qualified For The First COLA Payment In 2022, Which Will Arrive In A Few Days?

Workers have begun getting a monthly check worth $1,657, up from $1,565 previously. Since January 13, COLA payments have been sent to Social Security recipients. Beneficiaries are starting to receive them to address the COVID-19 pandemic’s crisis.

COLA payments should be mailed to all people born within the first ten days of each month (or have already received them). COLA payments are expected to rise 5.9% in 2022 over 2021 as a result of the inflation adjustment. This is the biggest change since 1982.

Workers’ monthly payments will rise ranging between $1,565- $1,657 per month. Keep in mind that raises in salary are tied to increases in the inflation, consumer price index as determined by the Labor Statistics, US Bureau.

When May SSI Recipients Expect Their Payments?

Those people who are born between January 11 and January 20 are eligible for benefits on the third Wednesday of each month. Those people whose birthdays lies between the 21st and the 31st of the month will get paid on the fourth Wednesday of the month.

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