As the end of the year approaches, millions of retired workers are waiting to receive their first bonus Payment of social security. Since the Social Security Administration confirmed the new cost of living adjustment (COLA) for 2025, monthly benefits will increase by 2.5% in the coming months. The annual COLA increase is essential for more than 72 million beneficiaries in the United States because it helps them keep up with inflation and have enough money to cover their daily expenses. Without this annual increase, many people will lose their purchasing power as their monthly income will not be enough to cover the ever-increasing costs.

The first social security payment will arrive in the bank accounts of the beneficiaries in December

right Social security payment program for this year, a group of beneficiaries will receive their increase earlier. Even though the COLA increase won’t take effect until January, Supplemental Security Income (SSI) recipients will receive their benefits sooner because they typically receive monthly payments on the first of the month. However, since January 1st falls on a holiday, the Social Security Administration will reschedule that payment for the previous business day, which falls on Tuesday, December 31st. Below you will find all confirmed payment dates for December so you can mark them on your calendars and plan your finances accordingly.

Please note that if your scheduled Social Security payment does not arrive by the date listed, please allow at least three shipping days before contacting the Social Security Administration, as the delay may be due to your system. bank processing. Also note that you can access your My social security accountwhere you can track your monthly payments, download financial statements, and even apply for a new Social Security card.

How much money will SSI recipients get with the new 2.5% COLA increase in December?

Given the new COLA increase for 2025, beneficiaries of the Supplemental Security Income (SSI) program. they will receive an additional $17 on their average payments, which means they will receive $715 per month. Additionally, those who filed as individuals will earn $967 and couples up to $1,450. Finally, those recipients who also qualify for essential person (EP) criterion will receive an additional payment of $484 per month. In addition to the SSI benefit increase, retirees, survivors and people with disabilities will also receive the annual increase starting in January. To learn more about all upcoming increases on the schedule, please read the following information: