This week, Social Security checks ranging from $2,710 to $4,873 will be disbursed to qualifying recipients, based on their birthdates. On September 25, payments will be issued to individuals with birthdays falling between the 21st and 31st of the month. The disbursement schedule is designed to mitigate any backlog and to ensure timely delivery to different groups of beneficiaries.
The Social Security Administration recommends waiting three working days after the payment date to allow for processing before reaching out if funds haven’t arrived. For many, the average monthly Social Security benefit is about $1,907. The amount can vary widely, depending on factors including an individual’s highest-earning 35 years and their age when they start claiming benefits.
In October, the agency will announce the Cost of Living Adjustment (COLA) expected for 2025. Analysts forecast a modest increase of around 2.5%, significantly lower than the historical increases due to inflation seen in the previous years. These changes reflect ongoing economic trends and impacts from various external factors like the pandemic, making it essential for individuals to monitor their entitlements closely to plan for their financial futures effectively.