Millions of Social Security recipients have successfully claimed their final payments for 2023, with COLA beneficiaries born after the 21st of the month receiving their last $4,555 check on December 27.
Millions of Social Security Recipients Secure Final Payments of 2023 (Photo: Google)
Social Security Payment Schedule
Social Security payments follow the recipient’s birthdate. First-to-tenth-month babies get paid on the second Wednesday. With a birthday between the 11th and 20th, the cheque arrives on the third Wednesday. Born between the 21st and the 30th receive rewards on the fourth Wednesday of the month.
The timetable for Social Security payments varies based on the recipient’s birthdate. For example, those born between the first and the 10th of the month receive payments on the second Wednesday of the month.
For individuals born between the 11th and the 20th, their Social Security check arrives on the third Wednesday of the month. Recipients with a birthdate falling between the 21st and 30th receive their Social Security benefits on the fourth Wednesday of the month.
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2024 COLA Announcement
The 2024 COLA (Cost of Living Adjustment) was announced in October, indicating a 3.2 percent increase. Retirees will experience an average monthly increment of $58 next month.
The 2024 COLA was officially announced with a 3.2 percent increase, promising retirees an average monthly boost of $58 in the upcoming month. This financial adjustment is expected to provide some relief for retirees, supporting them as they navigate the ever-changing economic landscape.
