Social Security Update: First Direct Monthly Payment of 2023 up to $4,194

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In a little over a week in the new year, Social Security payments for 2023 will also begin.

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Social Security payments to be issued on January 11 will be given to recipients born between the 1st and the 10th of any given month.

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To receive the maximum payment of $4,194, a person would have to retire at 70.

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People retiring at 67 would receive a maximum payment of $3,345, and those retiring at 62 would receive $2,364 per month.

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Those whose birthday falls between 11th to 20th of the month will be paid on 18th January.

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The last retirement payment will be on January 25 and the payment will be between those born on the 21st and 31st of the month.

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Regular Social Security payments are based on the income a person earns over their lifetime.

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Social Security Update: First Direct Monthly Payment of 2023 up to $4,194

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