by Millions of Americans are set to receive their Social Security payments this week, with checks reaching up to $5,108 for some high-earning retirees.
The Social Security Administration (SSA) issues benefits on a staggered schedule based on birth dates, and the next round of payments is due on Wednesday, July 9.
Who’s Getting Paid This Week:
- Wednesday, July 9: Retirees, spouses, or survivors born between the 1st and 10th of any month
- If payment isn’t received, wait 3 business days before contacting the SSA
Remaining July Payment Schedule:
- July 16: Birthdays between 11th–20th
- July 23: Birthdays between 21st–31st
Payment Types:
- Retirement, disability, and survivor benefits
- Payments issued once a month as a lump sum
How Much Are the Benefits?:
- Average retired worker benefit (as of May 2025): $2,002.39
- Maximum benefits:
- $5,108/month – If claimed at age 70
- $4,018/month – If claimed at full retirement age (67)
- $2,831/month – If claimed at age 62
How Payments Are Calculated:
- Based on a worker’s highest 35 years of earnings
- Higher lifetime earnings and delayed retirement = higher monthly benefit
New Law: One Big Beautiful Bill Act:
- Signed by President Trump
- Provides a $6,000 increase to the standard deduction for Americans aged 65+
- Applies from 2025–2028
- Phases out for:
- Individuals earning over $75,000
- Married couples earning over $150,000
- Does not end taxes on Social Security benefits, but:
- SSA estimates 90% of beneficiaries will now avoid federal income tax on their payments
