A new round of Social Security payments is scheduled to land in Americans’ bank accounts this week, marking the final distribution for the month of July. These payments will be distributed on Wednesday, July 23, 2025, with some retirees eligible to receive up to $5,108. Social Security payments are distributed in staggered phases based on recipients’ birth dates.
This week’s payments will be going out to individuals born between the 21st and 31st of any month. These payments include retirement benefits, spousal benefits, and survivor benefits. For most recipients, the money will be directly deposited into their bank accounts, as 99% of recipients are enrolled in electronic payments. Those who still receive physical checks may experience delays, though paper checks will soon be phased out.
The average Social Security benefit for retired workers in May 2025 was $2,002.39. However, the amount varies depending on the earnings history and the retirement age. For someone retiring at 62, the monthly benefit is $2,831. If you retire at age 67, the amount increases to $4,018, and if you delay until age 70, you may receive up to $5,108. While only a small group qualifies for the maximum benefit, many will still see substantial payments this week.
Starting at the end of July 2025, the Social Security Administration will begin reducing payments for individuals who have been flagged for receiving overpayments in previous months. This administrative action means some individuals may see lower payments in August until their overpayment balances are settled.
There are also some significant changes coming for Social Security recipients. A new executive order mandates that all federal payments, including Social Security, SSI, SSDI, vendor disbursements, and tax refunds, must be made electronically after September 30, 2025. This means paper checks will be discontinued for nearly all recipients. Additionally, a cost-of-living adjustment (COLA) increase of 2.5% is expected in early 2026, offering modest relief amid rising costs. A new law, the One Big Beautiful Bill Act, signed in July, raises the standard deduction for seniors by up to $6,000 from 2025 to 2028, meaning that 88% of seniors collecting Social Security won’t owe federal taxes on their benefits income.
Social Security payments will continue to be issued monthly on Wednesdays, based on recipients’ birth dates. If you don’t receive your payment by July 26, 2025, the Social Security Administration recommends waiting three business days before contacting them. To ensure you receive your payment on time, it is important to ensure that the SSA has your updated direct deposit information and current address. Missing payments are rare but can occur due to outdated banking details, recent changes in personal information, or ongoing overpayment reviews. If you have concerns about your payment, it is advisable to visit the SSA website or contact your local SSA field office.
