The extra money from Social Security this month

hindkunj.com

CREDIT GETIMAGE

Social Security recipients will receive an additional $200 per month with the newly introduced expansion bill. Rising inflation has pushed Social Security cost increases to 5.9% for 2022.

CREDIT GETIMAGE

How Much Extra Money Will Social Security Pay This Month?

CREDIT GETIMAGE

The Social Security Administration said the average beneficiary would receive an additional $93 per month, meaning the typical monthly check would increase from $1,565 in January to $1,658.

CREDIT GETIMAGE

What Are the Requirements to Receive Extra Money from Social Security?

CREDIT GETIMAGE

To get $1,650 in monthly benefits, you'd need an average income of about $76,000. This works out to a $500 increase in your monthly income to receive an extra $100 a month in Social Security.

CREDIT GETIMAGE

How Much Money Can You Get From Social Security in a Year?

CREDIT GETIMAGE

Social Security earnings are limited to $1,630 per month or $19,560 per year in 2022 for those who have not reached full retirement age.

CREDIT GETIMAGE

Next steps

Extra money from Social Security this month

3

share the story

A

click here for more information