The Social Security Administration (SSA) has confirmed the next $2,002 Social Security payment for retirees, with the disbursements scheduled for July 2025. As of May 2025, the average Social Security retirement benefit is $2,002.
Eligible recipients will receive their payments between July 9 and July 23, 2025, depending on their birthdate. Here’s everything you need to know about payment dates, eligibility, and Social Security benefits.
Social Security Payment Dates in July 2025
The SSA issues Social Security payments on specific days based on retirees’ birthdates. For July 2025, there are three possible paydays for eligible recipients:
- July 9, 2025: For retirees born between the 1st and 10th of the month.
- July 16, 2025: For retirees born between the 11th and 20th of the month.
- July 23, 2025: For retirees born between the 21st and 31st of the month.
These payments will be direct deposits unless recipients are receiving paper checks, which are being phased out. Direct deposits are generally faster, but paper checks can take a few days to arrive.
Why Are Some Retirees Getting Payments Later in the Month?
The reason some retirees receive their Social Security payments later in the month is simply based on their birthdate:
- If your birthday falls between 11th and 20th, your payment will be issued on July 16, 2025.
- If your birthday is between the 21st and 31st, your payment will be issued on July 23, 2025.
In some cases, payments may be issued early if a payday falls on a weekend or holiday. For example, retirees who would normally receive their payment on August 3, 2025 will have it issued early on August 1, 2025, due to the weekend.
Maximum Social Security Payments
While the average Social Security payment for July 2025 is $2,002, it is important to note that this is not the maximum payment available:
- Full Retirement Age (FRA): If you file at full retirement age, the maximum monthly payment is $4,018.
- Age 70: The maximum benefit if you file at age 70 is $5,108.
- Age 62: If you file as early as 62, the maximum monthly payment is $2,831, though this amount is reduced significantly compared to waiting until Full Retirement Age or age 70.
Filing for Social Security at age 62 will result in lower payments, so it is advisable to wait until Full Retirement Age (FRA) or even age 70 to maximize your benefits.
Cost-of-Living Adjustment (COLA) for 2025
The 2025 COLA increase will result in a 2.5% boost in Social Security benefits compared to 2024. This means that all Social Security payments in July 2025 will be 2.5% higher than they were in 2024. However, retirees will have to wait until January 2026 for the next COLA increase.
The SSA will announce the 2026 COLA increase in mid-October 2025, and retirees will see the new increase reflected in their payments starting January 2026.
Social Security Payment Schedule for July 2025
| Payment Date | Eligibility (Birth Date) | Average Payment |
|---|---|---|
| July 9, 2025 | Born between 1st and 10th | $2,002 |
| July 16, 2025 | Born between 11th and 20th | $2,002 |
| July 23, 2025 | Born between 21st and 31st | $2,002 |
If you’re a retiree expecting your $2,002 Social Security payment, make sure to check the payment date based on your birthdate. The payments for July 2025 will be issued on July 9, July 16, or July 23, depending on when you were born.
Don’t forget, all payments will be electronically processed by 2025, and a 2.5% COLA increase will apply to your benefits, helping you keep pace with inflation.
FAQs
When will my Social Security payment be deposited?
Your Social Security payment will be deposited based on your birthdate. Payments for July 2025 will be issued on July 9, July 16, or July 23.
What is the maximum Social Security payment available?
The maximum Social Security payment is $5,108 for those who file at age 70, and $4,018 for those filing at Full Retirement Age.
Will my Social Security payment increase in 2025?
Yes, Social Security payments will increase by 2.5% in 2025 due to the COLA adjustment, which will be reflected in July 2025 payments.