The fourth wave of Social Security checks is scheduled to be issued in the near future. The cost-of-living adjustment (COLA) for about 64 million Social Security beneficiaries will grow to 5.9 percent in 2022, the greatest increase in nearly 40 years, according to the Social Security Administration.
For Social Security beneficiaries, the rise took effect on January 1, while for Supplemental Security Income (SSI) recipients, the increase took effect on December 30.
Inflationary pressures have prompted a considerable increase in Social Security’s cost-of-living adjustment (COLA).
During the first two months of February in 2022, the annual inflation rate in the United States increased to 7.9 percent, and the rising pressure on consumer prices is unlikely to diminish anytime soon.
The following is the Social Security schedule for April:
In the event that your birthday falls between the 1st and 10th of the month, your payment will be distributed on Wednesday, April 13.
- If your birthday falls between April 11th and April 20th, your money will be distributed on Wednesday, April 20.
- If your birthday falls between April 21st and April 31st, your money will be distributed on Wednesday, April 27th.
- If your Social Security benefits are insufficient to meet your basic requirements, you may be eligible for Supplemental Security Income (SSI).
The Supplemental Security Income (SSI) program provides monthly benefits to individuals and children with a disability (or blindness, in particular) who fulfill certain income requirements.
Supplemental Security Income (SSI) is also accessible to persons over the age of 65 who have limited income and financial resources.
In the event that you began receiving Social Security benefits before May 1997, or if you are receiving both Social Security and Supplemental Security Income,
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you will receive both your Social Security and Supplemental Security Income payments on April 1. A second SSI payment is anticipated for April 29th this year.
Is it necessary for you to double-check your benefit payments and Social Security statements?
In order to monitor the progress of an application, predict future benefits, manage the benefits you now get, and other functions, you must first create a social security account online.