Summary
Millions of Americans are set to receive their Social Security payments this week, with different dates depending on their birthdates. Payments are made in stages throughout the month, and the amounts can vary based on earnings and retirement age. Starting in 2026, Social Security benefits will increase due to a cost-of-living adjustment.
Key Facts
- About 70 million Americans depend on Social Security for monthly income.
- Payments are scheduled for different weeks based on beneficiaries' birthdates.
- The maximum retirement payment amount varies by age: $2,831 at age 62, $4,018 at age 67, and $5,108 at age 70.
- On November 12, those born between the 1st and 10th of any month will receive payments.
- Social Security payments increase in 2026 due to a 2.8% cost-of-living adjustment.
- The COLA is based on the Consumer Price Index, measuring inflation.
- COLA helps payments keep up with essential living costs like housing and food.
