Social Security Administration sends July payments this week

The Social Security Administration will send out payments to millions of Americans this week, with some recipients getting as much as $3,089. The amount depends on factors like eligibility and retirement age. Social Security payments go out in waves based on the beneficiary’s birth date. Those who get Supplemental Security Income (SSI) or started collecting benefits before May 1997 are paid on the 1st of the month. People born between the 1st and 10th get paid on the 2nd Wednesday. Those with birthdays from the 11th to the 20th receive payments on the 3rd Wednesday. And those born between the 21st and the end of the month are paid on the 4th Wednesday. Payments usually arrive through direct deposit or paper checks, depending on how the recipient is set up with the SSA. The maximum Social Security benefit for someone retiring in 2025 is $3,089 per month.

Social Security payments schedule breakdown

But most retirees will see payments ranging from $1,800 to $2,400. Some eligible retirees could get the full $3,089 in July though, especially if they delayed retirement or had above-average earnings during their career. SSA records show that retiring at 62 results in a lower benefit. Waiting until full retirement age of 66-67 provides more money. And holding off until 70 maximizes the monthly payout. To check your specific payment date and amount, log into your My Social Security account online. There you can view payment history, confirm deposit dates, and update personal or bank info. Staying informed is key, as Social Security is a lifeline for over 71 million Americans. For personalized help, visit the SSA website or call 1-800-772-1213.