How can you apply for the maximum Social Security monthly payment?
In January, the Social Security Administration implemented the changes to Social Security benefits based on the 2022 COLA, which at 5.9 percent was the highest boost to benefits in decades. The increase translated into Supplemental Security Income payments rising to $841 per month for individuals and $1,261 for couples.
For retirees it meant that the average worker saw monthly payments bumped up to $1,657 and couples that both receive benefits rise to $2,753 according to agency estimates. Workers who wait until they reach the Full Retirement Age to begin collecting on their fund could get a maximum $3,345 each month in 2022.
