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If your birthday falls between the 21st and the 31st, your check is paid the fourth Wednesday of the month you see your first COLA increase on January 18, 2023.
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The maximum Social Security benefit you should receive if you claim benefits at age 62 is approximately $2,570. But if you wait until your full retirement age, your maximum Social Security benefit in 2023 will be about $3,636 per month, which increases by about 30% per month of your amount.
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Your Social Security benefits and SSI payments will continue to increase by 8.7% in 2023. That would be an increase of more than $140 per month in Social Security benefits starting in January.
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