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Currently anyone who turns 62 in 2023 -- the youngest age at which a person can claim Social Security -- will receive an additional $200 cash check per month. There will be some additional changes to deliver benefits in the long run.
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Social Security and Supplemental Security Income (SSI) benefits will increase by 5.9 percent in 2022 for the nearly 70 million Americans. According to sources SSA will send an additional check in this year.
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Social Security checks are sent out on the second, third and fourth Wednesdays according to the date of birth.
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For those retiring at the age of 70, it will be $4,194/month this year in 2022 (up from $3,895/month in 2021). Multiply this by 12 to get the maximum limit of $50,328 in annual benefits.
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