The next wave of Social Security payments is scheduled to be distributed on Wednesday, April 15, with millions of beneficiaries set to receive their monthly checks this week.
This round of payments applies to recipients born between the 11th and 20th of any month. The SSA distributes benefits on a staggered schedule, with payments typically issued on Wednesdays based on a beneficiary’s birth date.
A different schedule applies to certain groups. Individuals who began receiving Social Security benefits before May 1997 are generally paid on the third day of each month. In April, those payments were issued on April 3. Meanwhile, Supplemental Security Income (SSI) recipients, who are typically individuals with limited income or resources, including seniors and people with disabilities, received their monthly payments on April 1.
Beneficiaries who receive both Social Security and SSI follow a combined schedule, with SSI arriving on the first of the month and Social Security benefits issued on the third.
“Americans are right to worry about our current COLA projection,” TSCL Executive Director Shannon Benton said in a statement, pointing to ongoing concerns about rising costs and financial strain among older households.
"Reforming Social Security needs to follow a two-pronged approach, strengthening revenues and benefits at the same time to ensure prosperity for all Americans, of all ages," she added.
The SSA determines the official COLA each year using third-quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), with an announcement typically made in October.