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.

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

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

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

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

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The August month is scheduled as follows...

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Beto O'Rourke supports a teacher. COLA

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

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

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Can inflation effect the 2023 COLA?

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

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

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