Social Security checks are worth an average of $1,657 this year, and many Americans can expect their March checks this week.
Those with birthdays between the first and tenth already received their checks March 9.
Next up are those who have birthdays between the 11th and 20th.
These payments will be going out Wednesday, March 16, 2022.
The rest will go out March 23 for those who have birthdays landing between the 21st and 31st.
Social Security: Will COLA increase be bigger for 2023?
Social Security benefit amounts explained
The average jumped from $2,599 to $2,753.
This happened because the COLA increase for 2022 was 5.9%.
The increase happens based on the rate of inflation for the previous year.
Can you add $70,000 to your benefits?
The highest amount that someone can collect per month in 2022 is $4,194.
In order to receive this amount, you need to have worked for 35 years earning a 6 figure salary.
Working under 35 years will significantly drop your benefits by averaging in $0 years.
People must also wait until age 70 to collect the maximum possible benefit.
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