More than 70 million people are waiting for the new 2025 Social security check increase to be formally approved. Following Social Security’s 2025 payment schedule, the Social Security Administration says the new boost check will be paid out in January. Next month, the Bureau of Labor Statistics should release the official Cost of Living Increase (COLA) to determine payment levels. The Senior Citizens League (TSCL) has predicted a COLA increase of between 2.73% and 3.2%, although we are unsure of the exact figure. Find out the newly revised dates for next year’s Social Security benefits, if you qualify, and the expected payout amounts for each beneficiary.

The first Social Security benefit with the COLA increase will arrive this year

Each month, the government agency is responsible for providing five sets of payments. Beneficiaries of the Supplemental Security Income (SSI) and Retirement, Survivors, and Disability Insurance (RSDI) programs receive their first two payments on the first and third days of the month, respectively. Then, depending on each beneficiary’s date of birth, SSA offers three more rounds of benefits to RSDI recipients on the second, third and fourth Wednesdays of the month. Under the Social Security payment schedule, Supplemental Security Income (SSI) beneficiaries will receive their first payment on December 31, including the COLA increase.

Due to the federal holiday on January 1, the federal agency is moving the payment date to the previous business day, which is Tuesday, December 31. Consequently, in 2025, the cost of living increase (COLA) will be included in the new Social Security benefits that SSI beneficiaries will be the first to receive among all Americans. For more information on the guaranteed payment dates with the new increase, please refer to the following table:

How much money will beneficiaries make with the new increased social security benefit from January 2025?

Several variables, including recipients’ age, work history, type of disability, and eligibility for the SSDI program, affect how much they receive in Social Security. After the beneficiary qualifies for the program, the SSA will determine the monthly payment amount based on the beneficiary’s specific situation. Each year, the value of the benefit will change due to the cost-of-living adjustment (COLA), which helps recipients keep pace with inflation.

Following the official announcement of the new 2025 COLA, the Social Security Administration can now determine how much money all beneficiaries will make from the 2.5% increase in Social Security checks. Therefore, taking into account the 2.5% COLA increase and all the different payment amounts per program, here you can see how many recipients of the Retirement, Survivors, and Disability Insurance (RSDI) and Supplemental Security Income (SSI) programs will be as of January 2025 will earn. .