{"id":32948,"date":"2024-12-30T18:08:54","date_gmt":"2024-12-30T23:08:54","guid":{"rendered":"https:\/\/futbolete.com\/us\/?p=32948"},"modified":"2024-12-30T21:41:12","modified_gmt":"2024-12-31T02:41:12","slug":"us-government-confirms-advance-payment-of-social-security-and-increase-for-2025","status":"publish","type":"post","link":"https:\/\/futbolete.com\/us\/us-government-confirms-advance-payment-of-social-security-and-increase-for-2025\/","title":{"rendered":"US Government confirms advance payment of Social Security and increase for 2025"},"content":{"rendered":"

The Social Security Administration (SSA)<\/strong> has announced a 2.5% increase<\/strong> in benefits for over 72.5 million Americans<\/strong> in 2025, thanks to the Cost-of-Living Adjustment (COLA)<\/strong>. But who will receive this boost in their checks? Both Social Security<\/strong> and Supplemental Security Income (SSI)<\/strong> recipients will notice the increase, designed to address rising basic living costs.<\/p>\n

What is the Cost-of-Living Adjustment (COLA)?<\/strong><\/h3>\n

The COLA<\/strong> ensures that the purchasing power of Social Security and SSI<\/strong> benefits is not eroded by inflation. The adjustment is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)<\/strong> between the third quarter of the previous year and the same period in the current year.<\/p>\n

Cost-of-Living Adjustment in 2025: When Does it Start?<\/strong><\/h3>\n

The COLA<\/strong> will officially take effect in January 2025. However, some recipients will receive their adjusted payments earlier due to the SSA<\/strong> payment schedule.<\/p>\n

Social Security Payment Schedule for 2025<\/strong><\/h3>\n

The SSA organizes payments based on the type of benefit and recipient characteristics:<\/p>\n

    \n
  1. Supplemental Security Income (SSI):<\/strong> Payments are made on the 1st of each month<\/strong>.<\/li>\n
  2. Group 1 Retirees:<\/strong> Individuals who began receiving benefits before May 1997 will receive payments on the 3rd of each month<\/strong>.<\/li>\n
  3. Group 2 Retirees:<\/strong> Birthdates between the 1st and 10th<\/strong> of the month will receive payments on the second Wednesday<\/strong>.<\/li>\n
  4. Group 3 Retirees:<\/strong> Birthdates between the 11th and 20th<\/strong> of the month will receive payments on the third Wednesday<\/strong>.<\/li>\n
  5. Group 4 Retirees:<\/strong> Birthdates between the 21st and 31st<\/strong> of the month will receive payments on the fourth Wednesday<\/strong>.<\/li>\n<\/ol>\n

    Who Will Receive the COLA Increase First?<\/strong><\/h3>\n

    According to the SSA<\/strong> schedule, Supplemental Security Income (SSI)<\/strong> recipients will be the first to receive the increase. Although their payment was initially scheduled for Wednesday, January 1, 2025<\/strong>, it will be advanced to Tuesday, December 31, 2024<\/strong>, since January 1 is a federal holiday<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The Social Security Administration (SSA) has announced a 2.5% increase in benefits for over 72.5 million Americans in 2025, thanks to the Cost-of-Living Adjustment (COLA). But who will receive this … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":32949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[37],"class_list":["post-32948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-social-security"],"_links":{"self":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts\/32948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/comments?post=32948"}],"version-history":[{"count":0,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts\/32948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/media\/32949"}],"wp:attachment":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/media?parent=32948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/categories?post=32948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/tags?post=32948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}