Many retired workers are looking forward to getting their first higher Social Security payment as the end of the year draws near.
Since the new cost of living adjustment (COLA) for 2025 was confirmed by the Social Security Administration, monthly benefits will go up by 2.5% over the next few months.
For more than 72 million people in the US, the annual COLA increase is important because it helps them keep up with inflation and has enough money to pay for their daily needs.
A lot of people will lose the ability to buy things because their monthly income will not be enough to cover the costs that keep going up.
The first Social Security payment will reach beneficiaries’ bank accounts in December
Some Social Security recipients will get their raise earlier this year because of the way their payments are scheduled. Supplemental Security Income (SSI) recipients will get their benefits earlier, even though the COLA increase does not start until January.
This is because they usually get their monthly payments on the first of the month. The first of January is a holiday, so the Social Security Administration will move the payment to the business day before, which is Tuesday, December 31st.
Here are all the confirmed payment dates for December, so you can put them on your calendars and make plans for your money.
Social Security programs | Scheduled date | Payment conditions |
Retirees, disabled people, and survivors who collected checks before 1997 | December 3rd | This payment is only available for retirees, disabled people, and survivors |
Retirees, survivors, and disabled people who collected checks after 1997 | December 11th December 18th December 24th |
Day of birth: 1st–10th.
Day of birth: 11th–20th. Day of birth: 21st-31st. |
Extra payment from the SSI program | December 31st (Wednesday) | Because January 1st falls on the weekend, beneficiaries will receive their January benefits on this date. |
Remember that if your Social Security payment does not arrive on the date it is supposed to, you should wait at least three mailing days before calling the Social Security Administration.
The delay could be caused by how your bank processes payments. You can also get to your My Social Security Account and keep track of your monthly payments, download your financial statements, and even ask for a new Social Security card.
How much money will SSI beneficiaries receive with the new 2.5% COLA increase in December?
With the new COLA increase for 2025, people who get Supplemental Security Income (SSI) will get an extra $17 on top of their regular payments. This will make their monthly payments $715.
Also, people who filed as individuals will get $967, and couples will get up to $1,450. Finally, people who meet the requirements for being an essential person (EP) will get an extra $484 every month.
Along with the increase in SSI benefits, people who are retired, widowed, or disabled will also get their annual increase in January. Read the following to find out more about all the upcoming price hikes for each program:
Retirement benefits | Social Security payment | 2.5% COLA increase | Extra income |
On average | $1,900 | $1,948 | $48 |
Age 62 | $2,710 | $2,778 | $68 |
Age 67 | $3,822 | $3,918 | $96 |
Age 70 | $4,873 | $4,995 | $122 |
Survivor benefits | Social Security payment | 2.5% COLA increase | Extra income |
On average | $1,505 | $1,543 | $38 |
Individual | $1,773 | $1,817 | $44 |
2 Children | $3,653 | $3,744 | $91 |
Disability benefits | Social Security payment | 2.5% COLA increase | Extra income |
On average | $1,537 | $1,575 | $38 |
Blind recipients | $2,590 | $2,655 | $65 |
Maximum payment | $3,822 | $3,918 | $96 |
SSI benefits | Social Security payment | 2.5% COLA increase | Extra income |
On average | $698 | $715 | $17 |
Individuals | $943 | $967 | $24 |
Couples | $1,415 | $1,450 | $35 |
Essential person | $472 | $484 | $12 |
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