Social Security increase 2023
The Social Security Administration has announced an increase in COLA on Thursday, October 13.
Seniors and others will not see any increase in benefits from the Social Security Administration program until January.
Social Security increase improvement announced in COLA 2023
In reality, the Social Security Administration will send the check of January 2023 on the basis of your date of birth in the month
As such, incoming Social Security will receive your first check with COLA for 2023 by January 11th.
Thus, incoming Social Security receives your first check with COLA for 2023. This is how you will receive the check by date of birth.
If your birthday falls on the 21st to 31st of the month, then its payment will be made on the fourth Wednesday of every month.
Social Security COLA hike may be partly due to inflation, say experts