2022 Social Security COLA Payment Schedule – Three direct payments of up to $4,194 will fall next month – see exact dates


Social Security recipients are expected to receive their next round of direct payments in November.

The next batch of cost of living adjustment (C0LA) checks should drop next month and when you receive your payment depends on your birthday.

The first round of Social Security payouts will drop on the second Wednesday of the month, November 9, for those with birthdays between the 1st and 10th.

The next round will be filed the following week, November 16, for those with a birth date between the 11th and 20th.

The last batch of November payments will fall on the fourth Wednesday of the month, November 23, for those born between the 21st and 31st.

Read our COLA blog for more news and updates…

  • 1975 COLA provision

    In 1975, Congress passed a COLA provision that provided for automatic annual COLAs based on the annual increase in CPI-W.

    Prior to 1975, Congress enacted special legislation to stimulate Social security payments.

    COLAs in 1975 were calculated using the rise in CPI-W between the second and first quarters of 1974.

    They were based on increases in the CPI-W between the first quarter of the previous year and the first quarter of the current year from 1976 to 1983; since then, COLAs are based on the CPI-W from the third quarter of the previous year to the third quarter of the current year.

  • Social Security salary cap, continued

    For those reaching full retirement age in 2020, the earnings cap increases to $48,600 and the penalty is reduced to $1 withheld for every $3 earned over the maximum, per American News.

    Your benefit will be adjusted once you reach full retirement age, taking into account your withheld benefit and current wages.

    After reaching full retirement age, you can earn any amount you choose without being subject to Social Security withholding.

  • Social Security salary cap revealed

    You can work and collect Social Security benefits at the same time. If you have not reached full retirement age, half of all your Social Security benefits may be temporarily withheld.

    According to American News.

  • Social security credits, continued

    You can earn a maximum of four Social Security credits each year, and you must earn $6,040 to earn the maximum four credits.

    Therefore, to earn 40 credits, you must work for at least 10 years.

    You are able to earn more than 40 credits.

    However, 40 credits is the minimum number you need to be eligible for Social Security benefits.

  • Social Security Credits, Explained

    Collect Social security benefitsyou must have met the minimum requirement of doing “enough work”.

    The Social Security Administration (ASS) defines “enough work” as earning 40 Social Security credits.

    In 2022, a person will earn one Social Security credit for every $1,510 of covered income.

  • Five reasons why you might not receive SS benefits

    There are a few reasons why you might not receive social security benefits.

    They understand:

    • If you have moved abroad to a certain country (countries like Cuba and North Korea will prevent you from receiving Social Security benefits)
    • If you are not eligible for spousal benefits
    • If you haven’t worked hard enough
    • If you work while claiming
    • If you were a federal or railroad worker (some workers who contributed to other retirement systems might not be eligible for Social Security benefits)
  • How long do I have to wait for benefits?

    Every year, Social Security payments are distributed to millions of elderly and disabled Americans.

    Social Security payments are divided into three categories: retirement, survivor and disability.

    Social Security Administration (SSA) typically takes six weeks to process your application and start delivering benefits.

    This period of time, however, may vary.

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Elaine R. Knight