Summary
Millions of Americans will receive their Social Security payments this week. These payments are given each month to those who rely on Social Security for retirement or disability income. Payments are sent out on different dates each month based on birthdays.
Key Facts
- About 70 million Americans get monthly income from Social Security.
- Payments for birthdays from the 1st to the 10th happen this week.
- People should wait three business days if their payment is late before contacting SSA.
- Social Security payments are issued on different dates: October 15 for birthdays from 11th-20th, and October 22 for 21st-31st birthdays.
- The average monthly retirement benefit is around $2,006.69.
- Maximum monthly benefits are $2,831 at age 62, $4,018 at age 67, and $5,108 at age 70.
- The annual cost-of-living adjustment (COLA) could increase benefits in 2026, with a potential 2.7% rise.
- Social Security payments will continue during a government shutdown because they are funded separately through payroll taxes.
