The Social Security cost-of-living increase for 2022 will be 5.9%,
the largest in nearly 40 years, and it's expected to rise even further in 2023.
1. Your payment will be distributed on Wednesday, August 10 if you were born on the 1st-10th of the month.
3. If your birth date is between 21st and 31st, your payment will be distributed on Wednesday, Aug. 24.