00:00More than 70 million Americans rely on Social Security, and knowing when your payment arrives
00:05is crucial. In July 2025, benefits will be dispersed on specific dates, largely based
00:13on your birth date. If you began receiving retirement, spousal, or survivor benefits
00:19before May 1997, or if you also received Supplemental Security Income, known as SSI,
00:27your payment schedule is different. SSI provides vital monthly support to eligible adults and
00:33children with disabilities or blindness, and to adults 65 and older. Let's break down the July
00:40payment schedule. Mark your calendars. On Tuesday, July 1, SSI payments will be issued. Then, on
00:49Thursday, July 3, retirement benefits will go out to those who started collecting checks before May
00:551997, as well as retirees who also collect SSI. For the majority of beneficiaries, your birth date
01:03determines your payment day. Wednesday, July 9, is for those born between the 1st and 10th of any month.
01:11Wednesday, July 16, is for those with birthdays between the 11th and 20th. And finally, Wednesday,
01:18July 23, is for those born between the 21st and 31st. How much can you expect? The average retired
01:26worker benefit in May 2025 hit a new high, crossing the $2,000 mark for the first time, reaching $2,002.39.
01:36SSI payments averaged $718.30 for its 7.4 million recipients that same month. It's important to
01:45remember that individual payments vary significantly. Your Social Security retirement benefit is
01:51calculated based on your highest 35 years of earnings, adjusted for inflation. Knowing these
01:58dates and understanding your benefit amount is key to managing your finances. Stay informed and plan
02:04ahead. Money Explainers
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