Social Security

Social Security recipients are gearing up for a much-anticipated payment boost, as the direct deposit payment of up to $967 is scheduled to hit bank accounts on July 1, 2025. For millions of Americans relying on Supplemental Security Income (SSI), this payment could make all the difference as they prepare for the summer months. The increase comes as part of the annual Cost-of-Living Adjustment (COLA), which is designed to help individuals keep up with inflation. The 2.5% increase from last year means that those receiving SSI benefits will see a higher payout in 2025. However, the $967 payment might leave some recipients wondering what changes this could mean for them. What Is SSI, and Who Qualifies? SSI is a federal program that provides financial assistance to low-income individu...

In recent months, the Social Security Administration (SSA) has been facing intense scrutiny over its restructuring efforts, which some employees believe could lead to significant delays in benefits processing. With millions of Americans relying on Social Security for retirement, disability, and survivor benefits, any disruption in services is a serious concern. Here’s what beneficiaries need to know about the changes and the potential impact on their benefits. Staff Reductions and Office Closures The SSA, which manages Social Security benefits for more than 65 million Americans, is undergoing significant organizational changes. As part of a broader cost-saving initiative, the agency has announced a 12% reduction in its workforce. This downsizing is expected to affect both direct serv...

Millions of Americans rely on Social Security as a key part of their retirement income, but many are unclear on exactly how much they’ll receive. In 2025, benefit amounts have slightly increased thanks to the annual cost-of-living adjustment (COLA), but the exact figure you receive depends on your earnings history, your retirement age, and how long you’ve worked. Here’s a breakdown of what you can realistically expect from Social Security in 2025—and how to make sure you’re not leaving money on the table. What’s the Average Social Security Benefit in 2025? As of April 2025, the average monthly Social Security retirement benefit for a retired worker is $1,999.97, according to official data from the Social Security Administration (SSA). This average varies based on individual work a...

When it comes to claiming Social Security benefits, timing can make a huge difference in the amount of money you receive each month — and over your lifetime. While many retirees consider collecting as soon as they reach eligibility at age 62, experts say the smartest, most financially rewarding age to start benefits is actually age 70. Delaying your Social Security benefits until 70 can increase your monthly payments substantially, offering a larger safety net for retirement. What Is Full Retirement Age? The Full Retirement Age (FRA) is the age at which you are entitled to receive your full Social Security benefits without any reductions. For people born in 1960 or later, the FRA is 67 years old. You can claim benefits as early as 62, but doing so means accepting a permanent reductio...

Every month, millions of Americans rely on Social Security benefits for financial support. Knowing exactly when your payment will arrive is crucial for planning bills, expenses, and daily life. June 2025 brings some changes in the Social Security payment schedule due to calendar quirks and federal holidays, so here’s a clear guide on when to expect your benefits this month. Early SSI Payment and No Check in June Supplemental Security Income (SSI) recipients will see an unusual adjustment this June. Because June 1, 2025, falls on a Sunday, the Social Security Administration (SSA) will issue the June SSI payments early, on Friday, May 30, 2025. This means there will be no SSI payment issued in June itself. This is a standard adjustment that happens whenever the first day of a month fal...

Millions of Americans receiving Social Security benefits are in for a welcome financial boost this June, with payments expected to reach record levels. The reason behind this increase is the 2025 annual Cost-of-Living Adjustment (COLA), a routine update designed to help beneficiaries keep up with inflation. This year, the COLA rose by 2.5%, marking a meaningful increase for retirees, people with disabilities, and others who rely on Social Security for monthly income. While this increase is slightly lower than the 2024 COLA of 3.2%, it still contributes significantly to the overall growth in Social Security checks for 2025. What This Means for Retirees The average monthly benefit for retired workers in 2025 is now approximately $1,976, up from $1,848 last year. High earners who del...

Millions of Americans receiving Supplemental Security Income (SSI) are getting their monthly benefits a bit earlier than expected this month. The Social Security Administration (SSA) has officially confirmed that SSI payments scheduled for June 1 will be sent out on Friday, May 30, 2025, instead. This early disbursement is due to a calendar adjustment. Because June 1 falls on a Sunday, the SSA will move the payment to the last business day before the weekend, which is May 30. The agency does not issue payments on weekends or federal holidays. Who Is Getting Paid Early? The early payment specifically applies to Supplemental Security Income (SSI) recipients, a group made up of older adults, individuals with disabilities, and people with limited financial resources. SSI is a federal ...

Millions of Americans who rely on Supplemental Security Income (SSI) will receive their June 2025 payments earlier than usual, thanks to a scheduling rule set by the Social Security Administration (SSA). This means recipients will actually get two SSI payments in May — and none in June. Here’s what’s happening and how it may impact your monthly budget. Why Are SSI Checks Arriving Early? SSI benefits are typically paid on the first of every month, but when that date falls on a weekend or a federal holiday, the SSA moves the payment to the previous business day. In 2025, June 1 is a Sunday, so June’s SSI checks will instead be deposited on Friday, May 30, 2025. As a result, recipients will see two payments in May: May 1 – for May benefits May 30 – for June benefits (paid e...

Millions of Americans who rely on Social Security and Supplemental Security Income (SSI) will see a shake-up in their June 2025 payment schedule. This year, changes in the calendar, a cost-of-living adjustment (COLA), and garnishment policies are all affecting when — and how much — beneficiaries receive. If you’re depending on these payments, here’s everything you need to know. No SSI Payment in June? Here's Why If you usually receive your SSI payment at the beginning of each month, you may be alarmed when no deposit hits your account in June. But don’t worry — it’s not missing. This year, June 1 falls on a Sunday, which means the June SSI payment was sent early — on May 30, 2025. The Social Security Administration (SSA) does not issue payments on weekends or federal holidays, so ...