Social Security Benefits 2022: When Will They Arrive And What Are ...

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US NEWSUS NewsSocial Security Benefits 2022: When will they arrive and what are the changes?

A 5.9 percent increase is coming

Social Security Benefits in 2022
Social Security Benefits in 2022
  • MARCA
10/12/2021 - 10:06
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The Social Security Administration has announced that Social Security Benefits will increase in 2022. That is good news for those Americans receiving these benefits, given the difficult economic times we're living through.

Here, in this guide to Social Security Benefits in 2022, we'll outline when the first payments of the new year can be expected and what changes are coming into force with the change from December to January.

When will the first Social Security Benefits payments of 2022 go out?

For those who receive Supplemental Security Income benefits, they'll actually be able to benefit from the higher rates earlier than 2022, as these increased are scheduled to start on December 30.

For the rest of those collecting the various types of Social Security Benefits, the dates of these payments shouldn't change in 2022 compared to 2021. In other words, you should expect the payments to arrive at the same time of the month as they have come in during 2021.

If you're not sure if you're eligible for Social Security Benefits in 2022, you can check your mySocialSecurity, while the Social Security Administration should notify you this December, through post or online, if there are changes coming.

How will Social Security Benefits payments change in 2022?

There are various changes coming to this program, the most significant of which is the 5.9 percent increase. This is the Cost-Of-Living Adjustment (COLA) for 2022 and it means those who receive Social Security or Supplemental Security Income benefits will see a 5.9 percent boost to their payments in the new calendar year. It is the highest year-on-year increase since 1982.

There are some other minor changes coming into force in 2022, as there are every year, but the headline change is the COLA increase. The 5.9 percent rise translates into an average of 92 dollars extra for each retired worker or an extra 76 dollars per month for each disabled worker.

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