Some Social Security Recipients Will Get 2 Payments This Month
Summary
The Social Security Administration has announced that Social Security and Supplemental Security Income (SSI) recipients will receive a 1.3% cost-of-living adjustment (COLA) starting from June 2023. This adjustment will result in an average increase of around $20 per month for individuals receiving benefits. The increase is meant to help offset the rising costs of goods and services. The article also mentions the specific payment dates for June and July, and provides information on how beneficiaries can access their payment statements and manage their accounts online. Overall, this adjustment aims to provide some financial relief for Social Security and SSI recipients.
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