Summary
Millions of Americans will receive their Social Security payments this week. Payment amounts vary and depend on when individuals start collecting their benefits. A delayed update about the Cost of Living Adjustment (COLA) will be announced on October 24, 2025.
Key Facts
- Social Security supports over 70 million Americans with financial assistance.
- Payments are issued throughout the month based on birth dates, with some exceptions.
- This week, payments go to those born between the 11th and 20th of any month.
- Payment amounts depend on lifetime earnings and the age when benefits start.
- Maximum payments are available to those who wait until age 70 to begin collecting.
- The average monthly benefit for retired workers was $2,008.31 as of August 2025.
- The SSA will announce the 2026 COLA on October 24, 2025, after a delay due to a government shutdown.
- Adjustments based on the 2026 COLA will start on January 1, 2026.
