All eyes will be on the first Social Security payments of 2023 when the 66 million recipients’ checks begin to reflect the record-breaking cost of living adjustment (COLA).
The Social Security Administration will give an increase of 8.7% in the new payment amounts for 2023, making it the most significant adjustment since 1981 and the fourth-largest COLA in program history. It will amount to an average increase of $146 for every check.
Since the first of the month is a holiday and a weekend day in 2023, Supplemental Security Income beneficiaries will receive their first checks on December 30. However, normal Social Security claimants will continue to receive their payments on Wednesdays, depending on their birthday.
Recipients get paid on the second Wednesday of the month for birth dates that fall on the first through the tenth. Recipients get paid on the third Wednesday of the month for birth dates that fall on the 11th through the 20th.
Recipients get paid on the fourth Wednesday of the month for birth dates that fall on the 21st through the 31st.
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Social Security Payment Schedule
The whole Social Security payment schedule for 2023 is based on this general rule. Mark these dates on the new calendar that you just opened.
January 2023 Payments
- January 11
- January 18
- January 25
February 2023 Payments
- February 8
- February 15
- February 22
March 2023 Payments
- March 8
- March 15
- March 22
April 2023 Payments
- April 12
- April 19
- April 26
May 2023 Payments
- May 10
- May 17
- May 24
June 2023 Payments
- June 14
- June 21
- June 28
July 2023 Payments
- July 12
- July 19
- July 26
August 2023 Payments
- August 9
- August 16
- August 23
September 2023 Payments
- September 13
- September 20
- September 27
October 2023 Payments
- October 11
- October 18
- October 25
November 2023 Payments
- November 8
- November 15
- November 22
December 2023 Payments
- December 13
- December 20
- December 27
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