Sun Feb 16 14:00:00 UTC 2025: ## Millions to Receive Higher Social Security Payments This Week
**Washington, D.C.** – Millions of Americans will receive their Social Security payments this week, with some seeing a significant boost thanks to a 2.5% cost-of-living adjustment (COLA) and the varying payment schedules.
The payments, which are distributed on the second, third, and fourth Wednesdays of the month, depend on the recipient’s birthdate and how long they’ve been receiving benefits. Those born between the 1st and 10th receive their payments on the second Wednesday, the 11th to 20th on the third, and the 21st to 31st on the fourth. However, beneficiaries receiving payments since May 1997 receive theirs on the third of the month.
This year’s 2.5% COLA, the smallest since 2021, reflects a recent easing of inflation. While this increase helps offset rising prices, it’s still a welcome boost for many retirees. The maximum monthly payment for those reaching full retirement age (67) is $4,018, while those claiming benefits at 62 receive a maximum of $2,831, and those delaying until 70 can receive up to $5,108. Benefit amounts are also determined by lifetime earnings and the duration of Social Security tax contributions.
The article also noted Rep. Jake Auchincloss’s reaction to President-elect Trump’s appointees and agenda, although details of this reaction were not provided.
First Piper 