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Next Batch Of Social Security Payment In USA Begins This July 2022 – See Schedule

Next Batch Of Social Security Payment In USA Begins This July 2022 - See Schedule

Next Batch Of Social Security Payment In USA Begins This July 2022 – See Schedule

Next Batch Of Social Security Payment In USA Begins This July 2022 – See Schedule

After the nation’s Independence Day celebration this week, the next round of Social Security checks is expected to start.

The consumer price index for all urban consumers (CPI-U) has climbed by 1.0 per cent since last May, while the index for all items has increased by 8.6 per cent during the past 12 months.

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On the other hand, strong inflation caused this year’s Social Security cost of living to rise to 5.9 per cent, the largest increase in over four decades.

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Social Security Payment In USA Begins This July 2022 – See Schedule

For Social Security beneficiaries, this rise became effective on January 1; for Supplemental Security Income (SSI) recipients, it will take effect on December 30, 2021.

Social Security Calendar for July

– If your date of birth falls between the first and tenth of the month, your money will be given out on July 13th.

– If your birthday falls between July 11 and July 20, your payout will be given out on Wednesday, July 20.

– If your birthday falls between July 21 and July 31, your payout will be given out on Wednesday, July 27.

It’s crucial for people to understand that if Social Security is insufficient to support their basic living expenditures, they may also qualify for Supplemental Security Income (SSI).

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Additionally, the SSI program pays financially qualifying disabled (or blind) adults and kids on a monthly basis.

It’s important to realize that SSI is also available to seniors with low incomes and resources.

Social Security Payment In USA Begins This July 2022 – See Schedule

According to information from CBS News, it is likely that, by the end of this year, due to inflation beneficiaries will probably receive a COLA “closer to 8%”. In this sense, at the beginning of 2023, beneficiaries will have an increase of $132.64 per month, bringing the average check to $1,790.


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