Everything you need to know about the COLA increase in Social Security coming in just over a month

If you collect Social Security it’s safe to expect more money in your first check for 2022.

70 million Americans who collect benefits can expect to see that 5.9% boost in their monthly payments starting in January.

There will be and increase for SSI recipients as well.

Related: If you’re a veteran do you get more money from Social Security?




The COLA is examined every year during the third quarter before being announced at the start of the fourth quarter. The raise is to keep up with the cost of goods and services as it slowly, or quickly, increases every year.

The increase will begin for those collecting Social Security in their first checks of 2022.

The increase for those that collect SSI will begin Dec. 30, 2021.

Related: How many Social Security payments are left before 2022?




Payments for Social Security depend on what day of the month your birthday falls on.

Checks are deposited on the second, third, and fourth Wednesday of every month.

January’s 2022 Social Security payment schedule

  • January 12 (second Wednesday) Birthdays on the 1st-10th
  • January 19 (third Wednesday) Birthdays on the 11th-20th
  • January 26 (fourth Wednesday) Birthdays on the 21st-31st



Related: Social Security getting a boost in January bringing some payments to $1,600

The average monthly deposit for retired workers in 2021 is $1,565, and the new average in 2022 will be $1,657. That’s a $92 dollar increase.

While that’s just an average, the actual amount depends on your work history.

COLA notices will be mailed to recipients throughout the month of Dec.

The Social Security Administration asks that you wait until January before calling and asking about your mailed notice. It is possible you may know someone who gets theirs before you.


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