Overview
- Retirees born between the 21st and 31st of any month will receive their May Social Security retirement, survivor and spousal benefits on Wednesday, May 28
- Supplemental Security Income recipients will get their June payment on Friday, May 30 because June 1 falls on a weekend
- The Social Security Administration distributes monthly benefits to over 70 million Americans based on birth date and benefit type
- As of January 2025 the average retirement benefit is $1,976 per month after a 2.5% cost-of-living adjustment, with maximum payments up to $5,108 at age 70
- Analysts project the SSA may face funding shortfalls by 2034 as the retiree population grows and the worker base shrinks