In January 2025, Social Security beneficiaries will begin receiving their first payments of the year. The timing of these payments is typically based on your birth date, though there are exceptions for some recipients.
Specifically, individuals who began receiving retirement benefits before May 1997 or those who qualify for both Social Security and Supplemental Security Income (SSI) follow a different payment schedule.
These individuals generally receive Social Security payments on the 3rd of each month, while SSI payments are issued on the 1st.
Handling Federal Holidays and Weekends
If your payment date happens to align with a federal holiday or falls on a weekend, your benefits will be distributed on the closest weekday before the holiday or weekend.
This ensures that there will be no delays in receiving payments, even when the calendar presents conflicts with the regular schedule.
Expected Social Security Payment Adjustments in 2025
Cost-of-Living Adjustment (COLA)
As beneficiaries prepare for Social Security payments in 2025, there’s some uncertainty surrounding the cost-of-living adjustment (COLA).
Although the Social Security Administration (SSA) has not yet announced the final COLA figure, predictions based on current economic data suggest a possible increase of around 2.5%.
Economist David Payne from Kiplinger has estimated that this increase could hold true for the upcoming year.
Example of Estimated Benefit Increase
In August 2024, the average Social Security check for retirees was approximately $1,920.48. If the COLA increase for 2025 is indeed 2.5%, beneficiaries could expect an additional $576 annually.
This translates into a $48.00 monthly increase, bringing the average monthly payment to an estimated $1,968.48.
Social Security Payment Schedule for 2025
Social Security payments in 2025 will follow a calendar based on the birth dates of beneficiaries. The payment schedule is divided into three categories:
- Second Wednesday of the month: For individuals born between the 1st and 10th of the month.
- Third Wednesday of the month: For those born between the 11th and 20th.
- Fourth Wednesday of the month: For those born between the 21st and 31st.
For individuals receiving both Social Security and SSI, or who have been receiving benefits since before May 1997, the payments are typically issued on the 3rd of each month, unless holidays or weekends require adjustment.
Beneficiary Recommendations for Managing Benefits
Create a “My Social Security” Account
To better manage your Social Security benefits, consider creating a “my Social Security” account if you haven’t done so already.
This secure online tool allows you to easily manage your Social Security information. By registering for an account, you can access a variety of helpful services, including:
- Requesting a replacement Social Security card: If your card is lost or damaged.
- Checking the status of pending applications: See the current status of any applications you have submitted.
- Estimating future benefits: Useful for those planning ahead for retirement or deciding when to begin claiming benefits.
- Updating direct deposit information: This can be done directly through the platform, making sure your payment is sent to the correct bank account.
- Accessing your Social Security 1099 form: This document is essential for tax purposes.
Payment Schedule Breakdown for 2025
| Birth Date Range | Payment Date |
|---|---|
| 1st to 10th of the Month | Second Wednesday of the Month |
| 11th to 20th of the Month | Third Wednesday of the Month |
| 21st to 31st of the Month | Fourth Wednesday of the Month |
FAQs
How do I know when I’ll get my Social Security payment in 2025?
Your payment date depends on your birth date. If you’re born between the 1st and 10th, your payment will be on the second Wednesday of the month, and it follows a similar pattern for the 11th to 20th (third Wednesday) and 21st to 31st (fourth Wednesday).
What happens if my payment date falls on a weekend or holiday?
If your payment falls on a weekend or holiday, you’ll receive it on the nearest business day before the holiday or weekend.
How much could I expect my Social Security payment to increase in 2025?
Economists predict a 2.5% COLA increase for 2025, which could raise the average monthly payment by $48.00, resulting in a new average of $1,968.48 per month.