In the third month of the year and with the onset of spring, more than 70 million Social Security beneficiaries will receive a new payment with a new increase.
As has been the case since January 1, 2024, all retirees or disabled, among others, receive an increase in their Social Security payment due to the Cost of Living Adjustment (COLA).
For the month of March, beneficiaries will be able to receive up to $318 in their monthly payment.
In order to receive this amount, you must receive the maximum Social Security payment set at $4873 and only for those who retired after age 70.
At any other retirement age, you will also receive this increase based on the approximate amount. Below are the amounts according to the type of payment.
Social Security Payment March 27
The next retirees to receive Social Security will be those born from the 21st to the 31st of any month.
On March 20, those beneficiaries with birthdays from the 11th to the 20th received it. If you have not received it yet, do not worry, it may take up to 3 days.
In the case of being one of the first to have a birthday, the payment was made on March 13.