Winter Bonus: Direct $4,194 Payments

Black Section Separator Image Source: freepik.com

[{"selector":"#anim-bc439248-62a4-4b0b-a2d2-b74ea26a10ba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.27194565156250483%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com Today, millions of Americans will get direct payments totaling up to $4,194. American citizens who were born between January 21 and December 31 shall receive the payments.

[{"selector":"#anim-8639e203-e89d-4282-b0b3-35bc6b6d630b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.7951300064065%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com People with earlier birth dates received certain perks on December 14 and December 21. The number of Americans claiming SSI is about 8 million.

[{"selector":"#anim-0851ff5b-6292-4754-b91d-931445c870fb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.04356648055358%, 0%) scale(1.4999999999999998)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator Image Source: freepik.com In 2022, the average monthly benefit for retirees who are single was $1,657. In contrast, elderly couples have received $2,753 each month as their benefits rise by an average of $154.

[{"selector":"#anim-82e10224-3b8f-4989-8cf6-cfefb643f654 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.80347961583217%, 0, 0) translate(24.99999999999999%, 0%) scale(1.4999999999999998)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator Image Source: freepik.com The maximum amount of $4,194 may be paid to those seniors who opted to wait until they turned 70 before choosing to apply for benefits.

[{"selector":"#anim-15aa3b18-e588-477e-95bb-d9a4e43414bb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-23.705895156676192%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com In addition, it is anticipated that Social Security benefits would increase in 2023 as a result of the COLA's increase to 8.7%.

[{"selector":"#anim-5ae0fb3b-1e8c-4c73-8b95-3d7601b71bf0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(40.5612921264985%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com Additionally, on December 30, recipients of Supplemental Security Income are scheduled to receive a payout of $914 over two days.

[{"selector":"#anim-644075f0-0797-4d55-8bbb-ac0b70c87c9e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.0381280864274%, 0%) scale(1.4999999999999998)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator Image Source: freepik.com According to the revised COLA, the amount for each person will rise by a maximum of $73.

[{"selector":"#anim-cbe4661b-a2c2-4141-9339-ab4832642a6e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.7753546156615%, 0, 0) translate(24.99999999999999%, 0%) scale(1.4999999999999998)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator Image Source: freepik.com The Social Security Administration states that individuals over 65 with modest incomes may also be eligible for benefits.

[{"selector":"#anim-41c7d8c8-d238-42d4-8abd-1673a5d2a3bf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-23.677770156505527%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com Both Social Security and Supplemental Security Income are available to Americans.

[{"selector":"#anim-3ff7f0b7-4483-4da4-bc53-cda3efa89028 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(40.333215953239545%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Black Section Separator Image Source: freepik.com The extra payout on Friday is due to the fact that New Year's Day, a federal holiday, falls on a Sunday this year.