Are you looking forward to getting your first Social Security check in 2025? As the due dates get closer, it’s important to know when you’ll get your money and how much you can expect after the cost of living changes. Keep these important facts in mind by reading this list of everything you need to know.
In January 2025, Social Security will send out its first payouts. But the exact date you’ll get your money will depend on the day you were born. Like last year, the day of the month you were born determines whether you get paid at the beginning, middle, or end of the month.
When do Social Security payments start in 2025?
That’s because SSI payments are made on the first of the month, while Social Security payments are made on the third. This is if you started getting benefits before May 1997 or if you get both Social Security and SSI. This date will not be on a federal holiday or weekend. Instead, you will get your money the working day before.
How much will the average Social Security check be in 2025?
Cost-of-living adjustments (COLA) for 2025 haven’t been officially announced yet, but economist David Payne from Kiplinger thinks that the raise could be around 2.5%.
The Social Security Administration (SSA) says that in August 2024, the average monthly check for people who get Social Security was $1,920.48. Once the 2.5% raise is official, people who get the money could see an annual increase of about $576, or an extra $48 every month. This would mean that in 2025, the average monthly check would be about $1,968.48.
While we wait for more information about the 2025 COLA, you can get an idea of how much you might get by looking at the current average Social Security payment amounts based on the ages of recipients.
Social Security payment dates in 2025
The 2025 Social Security payment schedule is already confirmed. Here are the dates you’ll receive your money, depending on your birthdate:
Birthdate between the 1st and 10th:
- January: Wednesday, January 8
- February: Wednesday, February 12
- March: Wednesday, March 12
Birthdate between the 11th and 20th:
- January: Wednesday, January 15
- February: Wednesday, February 19
- March: Wednesday, March 19
Birthdate between the 21st and 31st:
- January: Wednesday, January 22
- February: Wednesday, February 26
- March: Wednesday, March 26
Also, this routine will keep going all year, with payments always being made on the Wednesday that matches the week of your birth. To keep track of your money, you should remember this plan.
What happens if your payment date falls on a holiday?
Don’t worry if your Social Security payment date falls on a federal holiday or a weekend. You’ll still get your money on the last work day before the holiday. This makes sure that you can get your benefits on time, even on important times.
How to manage your Social Security account online
A good idea is to sign up for My Social Security if you haven’t already. This will let you set up an online Social Security account. You can safely handle your personal information on this platform, and you can do many things without having to go to an office.
With a My Social Security account, you can:
- Request a replacement Social Security card in case of loss or theft.
- Check the status of your benefits applications.
- Calculate your future benefits based on your current contributions.
- Update your direct deposit information.
- Download your 1099 form for tax filing.
You can also choose to get notifications electronically instead of through the mail if you move a lot or are worried about mail theft.
Also See:- Millions of retired people will get more money from Social Security