<mediadc-video-embed data-state="{"cms.site.owner":{"_ref":"00000161-3486-d333-a9e9-76c6fbf30000","_type":"00000161-3461-dd66-ab67-fd6b93390000"},"cms.content.publishDate":1667222806189,"cms.content.publishUser":{"_ref":"0000017b-7410-df17-a7ff-7edd9d280000","_type":"00000161-3461-dd66-ab67-fd6b933a0007"},"cms.content.updateDate":1667222806189,"cms.content.updateUser":{"_ref":"0000017b-7410-df17-a7ff-7edd9d280000","_type":"00000161-3461-dd66-ab67-fd6b933a0007"},"rawHtml":"
var _bp = _bp||[]; _bp.push({ "div": "Brid_67009899", "obj": {"id":"27789","width":"16","height":"9","video":"1127483"} }); ","_id":"00000184-2e38-d791-abd4-3e7dbd000000","_type":"2f5a8339-a89a-3738-9cd2-3ddf0c8da574"}”>Video EmbedMillions of United States residents will receive direct payments of roughly $1,681 in nine days for those whose birthday falls between the first and 10th of each month.
The first round of checks will be dispersed on Nov. 9, and the checks could be as high as $4,194, according to the Social Security Administration. Retirees will see an increase of $146 to $1,827 per month starting next January.
Social Security checks are determined by several factors, including when the recipient retires and how much he or she paid into the program.
BIDEN CLAIMS REPUBLICANS WILL CUT SOCIAL SECURITY AND MEDICARE. WILL THEY?
“You can begin getting Social Security retirement benefits as early as age 62,” the SSA says on its website. “But we will reduce your benefits by as much as 30% below what you would get if you waited to begin getting benefits until your full retirement age. If you wait until your full retirement age … you will get your full benefit.”
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
The SSA’s acting commissioner recently announced the highest cost of living adjustment in 40 years — an 8.7% increase. The last time the agency gave a larger increase was in 1981 when it was 11.2%.
In order to calculate the exact bump that one will receive from the cost of living adjustment, multiply your Social Security benefit by the 8.7% cost of living adjustment. Additional information about the adjustment can be found on the SSA website. Roughly 70 million recipients are enrolled in Social Security.
