If you are currently receiving Social Security benefits from the SSA, you should be aware of the upcoming payment dates as the new benefit increase will be confirmed soon. Benefit recipients will finally find out how much they make this week, according to the Bureau of Labor Statistics Cost of Living Adjustment (COLA) will be. Therefore, all retirees, survivors, disabled and SSI recipients need to know how much their monthly benefits will increase and when they will receive their first payments, including this COLA increase.

Each year, the Bureau of Labor Statistics examines inflation data to determine what the increase will be, ensuring that all Americans have enough money to offset inflation and maintain purchasing power. Although we don't know the final percentage, that is Senior League (TSCL) forecasts a COLA increase of 2.73% to 3.2%. If you are eligible for Social Security benefits, find out about the newly revised payment dates for the coming year and the estimated payment amounts for all recipients.

Social Security has officially announced the new payment date for Social Security checks, including the COLA increase

social security is the federal agency known for providing benefits to qualified retirees, survivors, disabled individuals, and recipients of the Supplemental Security Income (SSI) program. Typically, the SSA delivers five rounds of payments per month, starting with SSI benefits on the first day and then on the third day for Old Age, Survivors, and Disability Insurance (RSDI) program recipients who applied for their first Social Security check before May 1997. Once these payments are supplemented the SSA will provide monthly benefits to beneficiaries who requested payments after that date on the second, third, and fourth Wednesday of each month, based on the day of their birth.

According to the Social Security Payment Schedule for 2025Beneficiaries of the Supplemental Security Income (SSI) program will receive their first payment, which includes the COLA increase, on December 31st. Due to the federal holiday on January 1st, the federal agency is moving the payment date to Tuesday, December 31st, the previous business day. As a result, SSI recipients will be among the first Americans to receive the new Social Security payments, which include cost of living increases (COLA) through 2025. For more information on the confirmed payment dates with the new increase, see the table below:

How much will Social Security checks increase for all financial and insurance programs in the US?

Social Security benefits are determined by factors such as the recipient's age, employment history, type of disability, and SSDI eligibility. The SSA calculates monthly payment amounts based on these circumstances and ensures that beneficiaries receive the support and benefits they need. Since the official COLA increase for 2025 won't be announced until October, we'd like to let you know how much you'll earn Social Security Payments could increase assuming a 2.5% increase in monthly benefits. Please note that this is only an estimate of the future increase in Social Security payments, as the final percentage and therefore payment amounts may change.