CASH FLOW

Automatic $841 checks heading to millions of disabled Americans thanks to COLA rise

MILLIONS of disabled Americans will receive automatic $841 checks thanks to the latest Coast-of-Living Adjustment rise.

Due to inflation and numbers from the US Department of Labor’s Bureau of Labor Statistics Consumer Price Index, retirees will see an increase in their monthly payments.

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Millions of disabled Americans will receive automatic $841 checks thanks to the latest COLA riseCredit: Getty

The payment change applies to Supplemental Security Income (SSI) starting December 30, and Social Security paid in January.

The 5.9 percent COLA increase also applies to Social Security Disability Insurance (SSDI).

SSDI aims to provide relief for those with disabilities who can no longer work or at the same capacity as once before.

The benefit aims to replace a portion of the qualifying worker’s salary.

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For individuals receiving SSI, the maximum federal benefit for 2022 will rise to $841 per month.

The figure is $1,261 for couples; however, actual payments could be higher since some states contribute more.

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Eligible people should have received a mailed notice from the Social Security Administration detailing their new monthly payments.

If you did not receive the notice, the information can be accessed online through your Social Security account, the agency says.

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WHEN WILL YOUR CHECK ARRIVE

The maximum Social Security benefit in 2022 will be $4,194. 

To get the maximum Social Security amount, you need to earn six-figure sums throughout your career, work at least 35 years and delay your claim.

The new Social Security benefits will start going out on the second Wednesday of the month to those who have a birthday between the 1st and 10th. 

Those with birthdays that fall between the 11th and 20th receive their benefits on the third Wednesday, and claimants with birthdays ranging from the 21st through the 31st get their checks on the fourth Wednesday of the month.

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This month, claimants are set to receive their Social Security checks on January 12, January 19, and January 26.

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