Social Security Schedule: When First COLA Checks Will Arrive in March 2022

Mature Black Woman Working from Home stock photo
adamkaz / iStock.com

The third round of Social Security checks reflecting the new 5.9% cost of living adjustment are going out this month. The COLA increase was the largest in nearly 40 years for those who qualify for the adjustment, and it could not come at a more welcome time. U.S. inflation now sits at a whopping 7.5%, and is expected to keep rising as the pandemic and supply chain issues it has caused rage on.

Social Security 2022: What Dates To Watch Out For
Learn: Social Security COLA Increases Add This Much Cash To Your Pockets Each Month

For March’s payments, the Social Security schedule is as follows:

  • If your birth date is on the 1st-10th of the month, then your payment was distributed on Wednesday, March 9.
  • If your birth date is on the 11th-20th, then your payment was distributed on Wednesday, March 16.
  • If your birth date is on the 21st-31st, then your payment will be distributed on Wednesday, March 23.

If you feel Social Security does not provide enough income to meet your basic needs, you may be eligible to apply for Supplemental Security Income to receive an additional benefit on top of your monthly SS check. SSI was paid out on March 1.

Retire Comfortably

If you began receiving Social Security before May 1997, or you receive both Social Security and SSI, you should have received your SSI payment on March 1 and your Social Security payment on March 3.

You can check on your benefit payments, statements and all other Social Security concerns by creating your own mySocialSecurity account online. This will give you 24/7 access to your Social Security account and allow you to obtain benefit statements and verification letters instantly to take care of most administrative needs from the comfort of your own home.

More From GOBankingRates

About the Author

Georgina Tzanetos is a former financial advisor who studied post-industrial capitalist structures at New York University. She has eight years of experience with concentrations in asset management, portfolio management, private client banking, and investment research. Georgina has written for Investopedia and WallStreetMojo. 

Best Bank Accounts of May 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.