Overview
- The third and final round of May Social Security payments, worth up to $5,108 for those retiring at age 70, will be distributed on May 28.
- The Social Security Administration has confirmed the June 2025 payment schedule, starting with pre-May 1997 beneficiaries and SSI recipients on June 3.
- Subsequent June payments will occur on June 11, 18, and 25, based on beneficiaries' birth dates.
- Social Security benefits saw a 2.5% increase in January 2025 due to the annual Cost of Living Adjustment (COLA), which is tied to inflation metrics.
- Analysts warn that without Congressional action, Social Security may face a funding shortfall by 2034, jeopardizing full benefit payments for future recipients.