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By Jack Phillips
January 6, 2023 Updated: January 6, 2023
In just a few days, tens of millions of Social Security retirement payments worth up to $4,194 will go out to eligible individuals.
The standard payments issued by the Social Security Administration (SSA) each month will be sent on Jan. 11 for people born between the 1st and 10th of a month, according to a 2023 schedule posted by the agency (pdf). Retirement benefits start on the second Wednesday of each month.
On the following Wednesdays, retirees who are slated to receive Social Security payments will get their payments, with people whose birthdays occur on the 11th and 20th of a month getting a payment on Jan. 18. People born between the 21st and 30th will be paid on Jan. 25, according to the longstanding payment schedule.
According to AARP, formerly called the American Association of Retired Persons, the most a person can receive in Social Security benefits per month is $4,194 starting in January 2023.
Most people, however, will not receive that much as they would have to retire by age 70 and those earnings need to have equaled or exceeded Social Security’s maximum taxable income for 35 years or more while they were working. Money website Fool.com says that most people, on average, get about $1,670 per month as of September 2022 and the SSA has said the estimated average monthly Social Security benefit for all retired workers will be $1,827 starting in January.
“The maximum taxable income in 2023 is $160,200,” AARP says. “The figure is adjusted annually based on changes in national wage levels, and thus the maximum benefit changes each year.”
It adds that “the maximum benefit is not to be confused with the maximum family benefit,” which is “the most a family can collectively receive from Social Security (including retirement, spousal, children’s, disability or survivor benefits) on one family member’s earnings record.”
Increase
In October, the agency announced that due to decades-high inflation, its cost-of-living adjustment would increase by 8.7 percent. It means the average recipient will receive more than $140 extra a month beginning in January, the SSA said Thursday.
“This year’s substantial Social Security cost-of-living adjustment is the first time in over a decade that Medicare premiums are not rising and shows that we can provide more support to older Americans who count on the benefits they have earned,” said the Social Security Administration’s acting commissioner, Kilolo Kijakazi, at the time.
President Joe Biden at the time echoed the sentiment that the Medicare premium reduction would have some impact on retirees’ wallets. “Seniors are gonna get ahead of inflation next year,” Biden said. “For the first time in 10 years, their Social Security checks will go up while their Medicare premiums go down.”
About 70 million people—including retirees, disabled people, and children—receive Social Security benefits. It was the biggest increase in benefits that baby boomers, those born between the years 1946 and 1964, have ever seen. The last time a cost-of-living adjustment was higher was in 1981, at 11.2 percent.
Social Security is financed by payroll taxes collected from workers and their employers. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200, up from $147,000 in 2022.
This year’s higher payout, without an accompanying increase in Social Security contributions, could put additional pressure on a system that’s facing a severe shortfall in coming years.
The annual Social Security and Medicare trustees report released in June says the program’s trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 80 percent of scheduled benefits, the annual Social Security and Medicare trustees report released in June said.
Meanwhile, the number of people working and paying taxes into these benefits is decreasing, said the Committee for a Responsible Federal Budget in a recent report.
Medicare will be able to pay 90 percent of total scheduled benefits if the fund is depleted. In January, a Pew Research Center poll showed 57 percent of U.S. adults saying that “taking steps to make the Social Security system financially sound” was a top priority for the president and Congress to address this year. Securing Social Security got bipartisan support, with 56 percent of Democrats and 58 percent of Republicans calling it a top priority.
The Associated Press contributed to this report.
This is simply a cost of living increase. I got my letter a few weeks ago stating such.
Thanks for this report… now we know…😊🌹
WHAT SOCIAL SECURITUY HAS DONE THROUGH OUT ITS EXCISTANCE IS TO CREATE MILLIONS OF PARASITES SPECIALY WOMEN, THE SO-CALLED LIBERATED WOMEN, WHO BY WAY OF JEW DECEPTION FELL INTO THE TRAP OF SUITCHING DEPENDANCE, FOR THEIR WELL BEING FROM THEIR HUSBANDS TO UNCLE SAM
USA GOVERNMENT, AND STATE SYSTEMS.
I HAVE A LARGE FAMILY OF 5 TO 6 ALL WOMEN SISTERS AND CHILDREN WITHOUT HUSBANDS, THAT LIVE ON SOCIAL SECURITY CHECKS. THEY ALL UNDER 55 YEARS OLD BUT BEEN IN THE SYSTEM FOR YEARS, THEIR SO-CALLED DISABILITY IS BASED ON HOW FAT THEY ARE, CLOSE TO 350 LBS.
BUT THAT DO NOT STOP THEM FROM MAKING MONEY UNDER THE TABLE, BY TRYING TO FORCE PEOPLE LIKE MYSELF TO LET GO OF MY DOGS, THEIR SORCE OF INCOME IS TAKEING DOGS UP NORTH TO SHELTERS AND SELLING THEM, I KNOW THIS FOR A FACT BECUSE THEY MOVED NEXT TO ME, WITH THAT INTENTION, KNOWING THAT I HAD MANY DOGS, ALL THESE WOMEN THAT CHOSE TO DEAL WITH DOGS KNOW EACH OTHER, THAT IS HOW THE WOMEN THAT HAVE CALLED THE SHERIFF DEPARTAMENT 8 TIMES ON ME, IN LESS THAN 5 MONTHS, THE LAST 3 TIMES OUT OF THE 8 TIMES THEY HAVE CALLED THE COPS, WAS DONE WITHIN THE LAST MONTH, ALL BASED ON FALSE CHARGES, THAT I AM TOO OLD TO TAKE CARE OF MY DOGS AND THAT I DO NOT LOVE THEM ENOUGH TO HAVE SO MANY DOGS, THESE ARE THE KINDS OF SELFISH GENDER THAT HAVE BEEN INDOCTRINATED INTO THE COMMUNIST PHILOSOPHY UNDER THE GUISE OF LIBERATION, FROM MAN KIND.
I HAVE LIVED AT THIS PLACE SINCE, 2010 AND BEGAN TO LEARN HOW TO LOVE MY DOGS, BECAUSE THEY TAKE GOOD CARE OF ME AND EVERYTHING I HAVE LEARN AND STILL LEARNNING FROM THEM, PLUS THEY ALSO HELP ME WITH THE RAT INFECTEATION THAT I KNEW NOTHING ABOUT EXCISTED OUT HERE OUTSIDE OF TOWN.
IT IS BECAUSE OF THEM, THAT I AM STILL ALIVE, WQITH SO MANY RATS AND MICE THEY HAVE KILLED INSIDE AND OUTSIDE OF THE HOUSE, BUT UNDER SOCIAL SECURITY THE ONLY PLACE I CAN AFFORD TO PAY.
MY ROTHEN NEIGHBORS, MOVED NEXT DOOR 4 YEARS AGO AND HAVE BEEN TRYING TO CONVINCE ME EVERSINCE THAT I SHOULD GIVE AWAY SOME OF MY DOGS, TO THEM.
I USED TO GIVE MANY OF MY DOGS TO A FRIEND OF THEM WHO PROMISE ME THAT SHE WAS GOING TO TAKE THE DOGS I GAVE HER UP NORTH, BEEN THAT MY DOGS ARE HUSKY, MIXED WITH LONG HAIR GERMAN SHJEPHERD, I BELIVED THIS WOMAN AND 4 YEARS LATER BY HER OWN WORDS TOLD ME THAT THER HOUSE HAD BURN DOWN, AND SHE WAS RENTING WHILE THE INSURANCE REBUILDED HER HOME, SHE TOLD ME THAT THE DOGS I GAVE HER WERE BEEN SOLD BY HER HERE IN SOUTHERN TEXAS.
THAT IS HOW GOD DEALS WITH DISONEST PEOPLE SHE HAD TO CLEAR HER COUNSCIENCE, BY LETTING ME KNOW THAT SHE WAS THE ONE TELLING MY NOW NEIGHBORS OF THE MANY DOGS I HAVE. NOW THEY CLAIM THAT MY DOGS ARE BOTHERING THEM WITH THE BARKING, ETC. ETC. THEY TELL ME THAT TO FEED, THEM GIVE THEM WATER, KEEP THEM HEALTHY, CLEAN UP THE YARD ETC, ETC, IS NOT ENOUGH TO SHOW THEM LOVE, MIND YOU TEHY HAVE NO DOGS OF THEIR OWN TO MAKE SUCH STUPID STATEMENTS.
MY DOGS SERVE AS THERAPY TO HELP ME WITH MY
PTSD I EXPERINCE SINCE I SERVED IN VIET -NAM, I NEED THEM MORE THAN THEY NEED ME RIGHT NOW THE OPNLY SORCE OF SOCIALISING FOR ME IS THE INTERNET, EVERSINCE THE CORRUPT SYSTEM OF TEXAS LAWS STOLE MY CAR UNDER COLOR OF LAW, SINCE 2017, APRIL 4TH, WITHOUT COMMING A CRIME WITHOUT TRANSOPORTATION IS LIKE BEEN IN UNDER HOUSE ARREST LIVING OUTSIDE OF TOWN, MY ONLY HELP COMES FROM GOD HIMSELF THAT HAS HELP ME SURIVE AND STAY HEALTHY ENOUGHTO SURVIVE THE ROTHEN NEIGBORS, AND RATS I HAVE LIVE SURRUNDED BY SO TELL ME ALL ABOUT I NEED TO LEARN WHAT LOVE IS ALL ABOUT, I DON
‘T EVEN KNOW MY NEIGHVORS NAMES, ON BOTH SIDES OF WHERE I LIVE THAT IS WHAT WOMEN DO WHEN THEY SEE MEN THAT LIVE ALONE MINDING THEIR OWN BUISNESS, THE NEIGHVBORS ON MY LEFT SIDE OF PROPERTY HAVE CALLED THE COPS ON ME 5 TIMES, ON ISSUS THAT HAD NOTHING TO DO WITH THEM PERSONALY OTHER THAN I TRYED TO WAKE THEM UP TO WHAT BEEN GOING ON WITH OUR GOVERNMENT SYSTEM, I FINALY TOLD THEM THAT WHAT THEY ARE DOING, IS ILLEGAL BRINGING MANY TRUCK -TRAILER LOADS OF ONIONS OF DIFERENT KINDS TO DUMP IN THEIR 20 ACRE PROPERTY, TO HELP THE PRICE OF ONIONS GO UP IN PRICE AT GROCERY STORE. THEY BEEN DOING THAT FOR THE LAST 2 YEARS.
WOMEN WERE CREATEDTO BECOME ONE WITH MENKIND BUT WOMEN’S DESIRE TO STAND LIKE EVE INDEPENDENT HAVE CAUSED THEIR OWN MISSERY BY LETTING SATAN TO DIVED THEM, AND INSTEAD LEARNING TO DEPEND ON THE GOVERNMENT, SYSTEM CREATED BY THE SATANIC JEWS, WOMEN WITH OUT A MAN HAVE BEEN USED BY THE JEWS TO BECOME A PAIN IN THE A$$ TO SOCIETY IN GENERAAM ALL FOR HELPING PEOPLE THAT DESERVE TO BE HELPED BUT I WILL NEVER HELP, ANYBODY TO BECOME A PARASITE.
JESUS CHRIST HIMSELF TOLD US THAT, “” A MAN THAT DO NOT WORK DO NOT DESERVE TO EAT “”
Amen. Praying for you. Thx for your service.
Off topic. I do not support TV ads in Spanish! Our Mother language is English and is #1 for communicating. I accept other languages but English is important and should be primary and expected. Keep Spanish to the Spanish channel (s). Do not press 1 for Spanish. My daughter lives in Austria. She gets tested for her German language skills—German is Austria’s Mother language…
Wow… hope she is able to access on demand! 😊🌹
Thanks for this advice. Does you Mother use the translation service on my blog? 😊🌹
My “daughter” lives in Austria and is required to learn the country’s Mother language German. I am a firm supporter of speaking/using a country’s Mother language— in our country, it is English.
So my daughter is trilingual: English, German and the local dialect—as well as her 2 children. The children’s pediatrician suggested that my daughter speak English with the children and their Austrian dad speak German with the children—a great suggestion!
BTW. My husband and I did receive a SS increase… a slow but positive move. Also the House is considering abolishing the IRS & Income Tax—another move in the right direction. People are going to freak out when the rainbow currency becomes available—especially my family/friends who think I am a little coo-coo. I will tell them, “See and believe “. And as you say, “Wake up from your sleep/disbelief “. 😛 have a great day…
Ah…thanks for your support! Hang in there as we all ride this ride many do not know we are on! 😊🌹