COLA Social Security 2023 updates — Average direct payment of $1,827 drops in days – when to check your account
AMERICANS will earn an average of $1,827 in just a few days.
Social Security recipients are scheduled to start receiving their benefits from May.
Checks typically go out on the second Wednesday and are paid based on when a beneficiary’s birthday lands.
For example, if your date of birth is between the 1st and 10th, you start on the second Wednesday of the month.
Social Security recipients with dates of birth that land between the 11th and 20th and the 21st and 31st will receive their benefits on the third and fourth Wednesdays respectively.
This month these groups will receive their money on May 10th, May 17th and May 24th respectively.
This year, the benefits due to the cost-of-living adjustment (COLA) average 1,827.
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