Social Security: When Does the 2023 COLA Take Effect?

When will I see the COLA increase in my Social Security check?

The COLA goes into effect with December 2022 benefits, which appear in checks sent out in January 2023.

Social Security payments are made on Wednesdays, following arollout schedulebased on the beneficiary’s birth date.

When will I know what my benefits are for 2023?

Beneficiaries should receive letters through the month of December detailing their specific benefit rate for the new year.

If you miss this letter, you might still verify your increase online via theMy Social Security website.

How does this year’s COLA compare to previous increases?

In fact, all the highest COLA were in the late 1970s and early 1980s.

For more on Social Security,learnwhen checks go out, how toaccess your payments onlineandhow benefits are calculated.