Social Security COLA: Here’s what the average Social Security payment will be this fall

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We’re a little more than a month away from knowing how Social Security payments will change next year.

Those are the averages, of course, and as the analysis points out, individual payments could be much higher or lower based on career earnings and when the person claims Social Security benefits.

According to the Social Security Association, the maximum Social Security retirement check in 2023 is $4,555 a month. The lowest special minimum benefit is $49.40. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. By browsing this site, we may share your information with our social media partners in accordance with our

 

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