Social Security Raises Payments to $5,108: Are You Set to Receive the New Amount?

Social Security recipients are in line for a significant boost in 2025, thanks to a 2.5% Cost-of-Living Adjustment (COLA) that was recently announced. This increase will benefit millions of Americans, helping to counter inflation’s effects on their fixed income.

This month, nearly 68 million Americans will see higher Social Security payments, with the average monthly benefit rising from $1,927 in 2024 to $1,976 in 2025. For those eligible for the maximum payout, the amount will increase to $5,108 for individuals retiring at age 70, up from $4,873 last year.

For people retiring at their Full Retirement Age (FRA), the maximum benefit has also gone up, climbing from $3,822 in 2024 to $4,018 in 2025. It’s important to note that FRA depends on the year of birth:

• 1943–1954: 66 years old
• 1955–1959: 66, plus additional months (increasing by 2 months each year)
• 1960 or later: 67 years old

Individuals retiring at FRA will now receive up to $2,831 per month, which is an increase from $2,710 last year.

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The 2025 COLA boost, which started this month, will be spread out over three payment rounds. The first two installments were already sent out on January 8 and January 15. The third batch of payments will arrive on Wednesday, January 22.

Social Security payments are made three times a month, based on birth dates:

• If your birthday falls between the 1st and the 10th, payments are made on the second Wednesday of the month.
• Those born between the 11th and the 20th receive payments on the third Wednesday.
• If your birthday is between the 21st and the 31st, your payment will arrive on the fourth Wednesday.

Shalae Morgan, a Social Security expert, previously shared insights on maximizing Social Security benefits. She highlighted common mistakes that can result in losing thousands of dollars each year, as well as strategies for ensuring you receive the most out of your benefits. For instance, delaying benefits could net you an additional $26,000 annually, making it an option worth considering for some.

With this year’s COLA increase, Social Security recipients can expect their monthly payments to be higher, helping them stay ahead of inflation .

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keelee-mccain

Keelee McCain is a junior at Weber High School. This is her second year on staff, this year as Assistant to the Chief. She does have a life (probably) but she can't think of anything to write in here, so she's probably just going to ramble now. She has an orange cat who she likes better than any human. If you see her being quiet or not sitting on top of a desk, there is something very wrong. In her free time she enjoys harassing her favorite teachers and sleeping. Her life plans include making it through high school and leaving. Happy lifeing.

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