Each month, approximately 65 million seniors benefit from Social Security income, and payment dates are based on their date of birth.
For example, if your birthday is between January 1 and October 10, your payment will be credited on the second Wednesday of each month.
If your birthday is between November 11 and December 20, your check will be cashed on the third Wednesday of every month.
Finally, if your birthday falls between January 21st and December 31st, your money will be deposited on the 4th Wednesday of each month.
Average monthly Social Security benefits this year are $ 1,657, with a maximum of $ 4,194 per month.
With growth predicted, the median benefit would increase to nearly $ 1,804, while the highest benefit would rise to $ 4,567.
The annual cost of living adjustment, based on the consumer price index, is used to determine social security payments.