Social Security Payments Scheduled From April 10

The 3.2 percent increase marks the third consecutive year of cost of living hikes due to the elevated inflation rate.

A Social Security card sits alongside checks from the U.S. Treasury in Washington on Oct. 14, 2021. Kevin Dietsch/Getty Images

Many Social Security beneficiaries will start receiving their monthly benefits for April from this week onwards, with others having to wait a week or two longer.

The Social Security Administration (SSA) usually pays benefits based on the birth date of beneficiaries.