India, April 23 -- This week's Social Security payments are set to arrive on April 23 for Group 4 of the categorization set by the Social Security Administration (SSA). This will provide financial relief to retirees who were born between the 21st and 31st of any month all across the U.S. This is the latest payment from the Cost of Living Adjustment (COLA) program, which is designed to help beneficiaries cope with inflation.

The retirees who fall in Group 4 will see their monthly payments being automatically adjusted to reflect the COLA increase of 2.5%, without the need for any further action on their part. While the adjustment was officially implemented earlier this year, it continues to improve with each monthly payment.

The amount of...