Millions of people will get new direct payments totaling $1,657 this week; do you meet the requirements?

In a few of days, the Social Security Administration (SSA) will issue the final part of its monthly benefit payouts for the month of July.

The average Social Security income is $1,657 per month, with the maximum amount being $4,194 per month.

SSA will finish sending the payments on three different Wednesdays including the 2nd, 3rd, and 4th.

The payment will reach you depending on the What day of the month you were born.

The last round of checks will go this Wednesday for those who are bron after 21st of the month.

The August month is scheduled as follows...

Beto O'Rourke supports a teacher. COLA

Beto O'Rourke, candidate for governor of Texas, stated that since 2004 retired teachers haven't yet got any cost-of-living adjustment.

He promised that, if elected governor, he will enhance teacher retirement plans.

Can inflation effect the 2023 COLA?

According to the Senior Citizens League, the COLA for 2023 might hit 10.5 percent.

Forbes also supports this if inflation keeps rising year round, the COLA will reach its highest level since 1981.

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