Around 70 million Social Security recipients are scheduled to receive an 8.7% cost-of-living adjustment in Jan. 2023, meaning that it will show up in January payments. Here's what else you need to know about the Social Security payment schedule.
The SSA will send your January 2023 check on a specific day of the month depending on your date of birth.
If your birthday falls on the first to the 10th of the month, for example, you will get your payment on the second Wednesday of the month. Social security check recipients, who fall under this category, will receive their first check with the COLA for 2023 by Jan. 11. If your birthdate is between the 11th to the 20th of the month, your payments should arrive on the third Wednesday of each month. Recipients, who fall under this category, will get their first check with the COLA for 2023 by Jan. 18.
If your birthday happens to be from the 21st to the 31st, your payments are scheduled for the fourth Wednesday of each month. If you fall under this category, your first check with the COLA for 2023 should arrive by Jan. 25.
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