00:00For millions of Americans relying on Social Security, the payment schedule is a critical
00:05piece of information. The final Social Security retirement payment scheduled for June 2025
00:11will be dispersed on Wednesday, June 25th. This payment is part of the ongoing federal
00:17social insurance system that provides income to retirees who have contributed through payroll
00:22taxes, as well as people with disabilities and families of deceased workers. So, who can expect
00:30to receive their payment on June 25th? This specific payment is designated for individuals
00:35who meet to key conditions. First, you must have started receiving Social Security retirement
00:42benefits after May 1997. Second, your birthday must fall between the 21st and 31st of any month.
00:50The Social Security Administration, or SSA, organizes its vast payment groups according
00:57to a strict pattern, and age alone is not the sole determinant for the payment date.
01:03The timing of when benefits began and the day of the month a beneficiary was born are crucial
01:08factors. With over 70 million Americans collecting Social Security in various forms including
01:15retirement, spousal, survivor, or disability benefits, the SSA cannot disperse all payments
01:23on the same day each month. This systematic approach ensures an organized distribution. Retirement,
01:29spousal, and survivor benefits are typically spread out throughout the month based on the recipient's
01:35birth date and whether they receive additional payments, such as Supplemental Security Income
01:41SSI. For those who are still awaiting their June payment, the SSA advises waiting three working
01:48days before contacting the agency if an expected payment has not arrived as scheduled. Remember,
01:54Saturdays, Sundays, and public holidays are not considered working days. The average retired worker
02:01benefit in May hit a new milestone, reaching $2,002.39 the first time it has breached the $2,000 mark.
02:11The SSA explains that Social Security benefits are based on a worker's highest 35 years of earnings.
02:18As wages tend to rise over time, each new group of retirees raises the average benefit amount,
02:25since their benefit calculations typically reflect higher earnings. However, the exact amount a
02:31beneficiary receives can vary significantly based on their lifetime income and the age they choose to
02:37begin collecting benefits. For instance, those who retire at age 62 could receive up to $2,831 per month,
02:47while waiting until the full retirement age of 67 increases the maximum benefit to $4,018. Delaying
02:55until age 70 can boost the monthly benefit to a maximum of $5,108. Looking ahead,
03:03July 2025 payments are scheduled for Tuesday, July 1 for SSI, Thursday, July 3 for those collecting before
03:11May 1997 or also receiving SSI. Subsequent payments in July flated for Wednesday, July 9 for birthdays
03:19between the 1st and 10th. Wednesday, July 16 for birthdays between the 11th and 20th,
03:26Wednesday, July 23 for birthdays between the 21st and 31st. Money Explainers
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