The Social Security Administration (SSA) will deliver another Social Security payment this month. Retirees, survivors, and recipients of Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) will continue to receive their benefits from the agency.
The Social Security Administration is preparing to distribute another round of payments on Monday, February 3, with an average amount of $2,000, despite the fact that some beneficiaries received an early payment on Friday, January 31. Here are the people who may be eligible for this deposit.
Which Americans will be eligible to receive the $2,000 Social Security payment this week?
This year’s 2.5% increase in Social Security benefits is the result of the 2025 cost-of-living adjustment (COLA). As a result, the average compensation for all retired employees has increased from $1,927 to $1,976. In contrast, the average disability benefit increased from $1,542 to $1,580. Additionally, the current maximum federal SSI monthly payments are:
- $967 for eligible individuals who qualify for this program
- $1,450 for eligible couples in the country
- $484 for those beneficiaries who meet the essential person (EP) criteria
A cost-of-living adjustment (COLA) is intended to mitigate the effects of inflation and rising costs in the economy by increasing Social Security benefits and Supplemental Security Income (SSI).
COLAs are calculated by taking the average price of products used to measure inflation and calculating the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
Furthermore, although it is not directly related to COLA, the age at which an individual begins receiving benefits determines the maximum Social Security retirement payment in 2025:
- Age 62: Up to $2,831
- Age 65: Up to $3,374
- Age 66: Up to $3,795
- Age 67: Up to $4,043
- Age 70 or older: Up to $5,108
Based on their past earnings history and the age at which they claim benefits, each person’s precise amount is determined.
Who Will Get February 3’s $2,000 Social Security Payment?
On Friday, January 31, the Social Security Administration (SSA) issued February payments to SSI participants. Because February 1st is a Saturday, these payments were made one day ahead of schedule.
On the other hand, another group of beneficiaries will receive Social Security benefits on Monday, February 3. This includes benefit recipients who started receiving payments prior to May 1997.
It is important to note that Social Security checks for other recipients will be issued on Wednesdays of each month, following their birth dates.
Furthermore, the Social Security Administration will prepay March’s SSI benefits at the end of February. Below are all the confirmed payment dates based on the Social Security payment schedule for this year:
- Monday (February 3rd): Beneficiaries who began receiving payments before May 1997
- Wednesday (February 12th): Beneficiaries born between the 1st and 10th of the month
- Wednesday (February 19th): Beneficiaries born between the 11th and 20th of the month
- Wednesday (February 26th): Beneficiaries born between the 21st and 31st of the month
- Friday (February 28th): SSI beneficiaries (March payment issued early)
What should beneficiaries do if they don’t receive their Social Security payment on time?
If you are expecting an SSI or Social Security payment and it does not arrive on time, the SSA recommends waiting at least three business days before contacting them. Though delivery timeframes may differ if you receive your payment by mail, payments are frequently deposited directly into bank accounts.
Also, remember to access your My Social Security account to review your Social Security payment amounts, download financial statements, and request additional information about Social Security in the United States. Finally, beneficiaries can find more information on the Social Security Administration’s official website.
