Millions of retirees across the U.S. can expect a welcome midweek deposit as Social Security sends out its next round of payments on Wednesday, April 23, 2025.
These payments are part of the ongoing Cost of Living Adjustment (COLA) rollout, which kicked off earlier this year. If you’re one of those folks who started claiming benefits at age 62 and were born between the 21st and 31st of any month, you’re up next for a boosted payment.
Let’s break down how much you could get and what these changes mean moving forward.
COLA
The 2.5% COLA increase has been applied to all Social Security benefits starting in January 2025. It’s meant to help retirees keep up with inflation—because let’s be honest, groceries and gas haven’t exactly gotten cheaper.
If you’re already receiving benefits, you don’t have to lift a finger. The adjustment is automatic. That means your April 23 deposit is already reflecting that 2.5% boost.
Here’s what that could look like:
| Retirement Age | 2025 Max Monthly Benefit | With 2.5% COLA |
|---|---|---|
| Age 62 | $2,831 | $2,901.78 |
| Age 67 | ~$3,822 (estimated) | ~$3,917.55 |
| Age 70 | ~$4,873 (estimated) | ~$4,994.83 |
Note: Actual amounts depend on your earnings history and when you claimed benefits.
Payments
Only a specific group of retirees is getting the April 23 payout. This payment applies to:
- Retirees born from the 21st to 31st of any month
- Those who began receiving benefits at age 62
The SSA uses a staggered schedule based on birth dates to manage the massive volume of payouts. So, if your birthday falls within that last chunk of the month, April 23 is your payday.
For everyone else, payments either already arrived earlier in April or will show up in early May, depending on your birthday.
Retirement
While early retirement at 62 is popular, waiting can seriously increase your monthly check. The SSA encourages people to delay retirement when possible to ease pressure on the system and boost individual benefits.
Here’s a quick peek at how it adds up:
| Retirement Age | Benefit Boost vs Age 62 |
|---|---|
| Age 62 | Base payout |
| Age 67 | ~30% more |
| Age 70 | ~75% more |
So if you can afford to wait, it really pays off—literally.
Updates
Beyond the COLA, 2025 also brings a few key updates:
- Taxable income limit has increased to $176,100, meaning higher earners will continue paying into Social Security longer each year.
- Full retirement age (FRA) continues to rise gradually, affecting future retirees. If you’re younger, your FRA might be higher than you expect.
These changes aim to stretch the program’s lifespan and reflect shifting economic realities and demographics.
Awareness
If Social Security is a major part of your income, staying in the loop matters more than ever. From policy tweaks to payment boosts, each update can affect your monthly cash flow. Make it a habit to check the SSA website or subscribe to alerts.
The April 23 deposit is just one example of how the system continues adapting to economic pressures. For now, it’s a welcome reminder that your benefits are still working for you—even midweek.
FAQs
Who gets paid on April 23, 2025?
Retirees born between the 21st and 31st of any month.
What’s the 2025 COLA increase?
A 2.5% increase was applied to Social Security benefits.
How much is max payout at 62 in 2025?
$2,831 per month before COLA adjustment.
When is full retirement age now?
Gradually rising; currently around 67.
Is the increase automatic?
Yes, no action needed for the COLA adjustment.
