Millions of Americans receiving Social Security benefits are in for a year-end boost as the final payments for 2024 roll out in December. Thanks to the annual Cost-of-Living Adjustment (COLA), beneficiaries will see a slight increase in their checks, helping them keep up with rising living costs.
For 2025, Social Security benefits are set to increase by 2.5%, with an estimated average boost of $48 per month. While this may not be a huge jump, it provides some relief for seniors, disabled individuals, and low-income recipients who rely on these payments.
Who Will Get the Increased Payment?
The COLA adjustment applies to all Social Security beneficiaries, including:
- Retired workers receiving monthly Social Security benefits
- Individuals on Social Security Disability Insurance (SSDI)
- Low-income individuals receiving Supplemental Security Income (SSI)
If you’re already receiving Social Security benefits, you don’t need to do anything to get the increase. The extra money will be automatically added to your regular payment.
When Will You Get Paid in December?
The Social Security Administration (SSA) follows a set payment schedule based on your date of birth. Here’s when you can expect your December 2024 payment:
- December 3 – For those who started receiving benefits before May 1997 or receive both Social Security and SSI.
- December 11 – For beneficiaries born between the 1st and 10th of any month.
- December 18 – For those born between the 11th and 20th of any month.
- December 24 – For those born between the 21st and 31st (moved up a day due to Christmas).
- December 31 – SSI recipients get their increased payment for 2025 early.
How Much Will Your Benefits Increase?
With the 2.5% COLA adjustment, the average Social Security check will rise to around $1,968 per month, while SSI payments for individuals will increase to $967 per month.
What You Need to Do
Nothing! If you qualify for Social Security benefits, the increase will be automatically applied to your December payment. No need to call or apply.
For more details, visit the Social Security Administration’s official website or contact your local SSA office.
