In just a few hours, the Social Security Administration (SSA) will begin distributing the new retirement payments to thousands of eligible Americans. If you’re one of the retirees in line for this payment, you may receive your check within this week of January 2025.
For many, the average payment is expected to be around $1,800, and for those on disability retirement, payments will begin on January 22nd. This new round of Social Security payments comes with both increased amounts and updated eligibility requirements.
Who will receive the January 2025 payment with the increase?
To receive the increased payment on January 15, 2025, you must meet two key criteria:
- You must have started receiving retirement benefits after May 1997.
- Your birthday must fall between the 11th and 20th of any month.
If you meet both of these requirements, you will receive your payment on the third Wednesday of the month, January 15th. It doesn’t matter whether your retirement is due to age, disability, or other reasons—all retirees who meet these conditions will qualify.
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Additionally, to ensure your payment is delivered on the same day the SSA sends it, you must have set up Direct Deposit.
This January’s payment will be higher than last year’s thanks to a 2.5% increase from the Cost-of-Living Adjustment (COLA). The maximum Social Security benefit for 2025 will be $5,180, but most retirees will receive lower amounts depending on their specific benefit level.
