2025 has just arrived, and we all have high expectations for what the year will bring! After the December holidays and all of the expenses we’ve had to deal with this Christmas, many users will be relieved to receive their first payments of the year.
And, as we all know, millions of Americans rely on Social Security Disability Insurance (SSDI), so we’re going to give you a summary of what you need to know and the most important data so you can face 2025 with enthusiasm and a clear calendar to mark the important dates!
What are the key dates for this month of January?
As you may be aware, SSDI makes payments on a staggered basis each month, beginning on the second Wednesday and ending on the fourth. The payments for January are as follows:
- On January 8, beneficiaries born between the 1st and 10th of each month will receive their payment
- On January 15, beneficiaries born between the 11th and 20th of each month will receive their payment
- On January 22, beneficiaries born between the 21st and 21st of each month will receive their payment
It should be noted that the beneficiary’s day, not their year of birth, is considered here. And, if you receive SSI in addition to SSDI, your January payment will be advanced to December 31, 2024, because January 1st is a national holiday.
What about the COLA for this year?
This year’s COLA (Cost of Adjustment Life) is set at 2.5% because we are finally beating inflation. This adjustment is an addition made to each Social Security payment so that the beneficiary is unaware that the prices have increased.
This adjustment is based on the CPI-W, which compares the prices of basic products and goods in the third quarter of the previous year to those in the current year.
Depending on how prices have moved (whether they have risen or fallen), a small percentage is established and added to payments.
It has been set at 2.5% this year, but it has previously been much higher (8.3% in 2023, for example). This indicates that we are finally able to stabilize the economy.
And no, it does not mean you will be paid less because your base SSA salary will remain unchanged; only this extra will be adjusted, but they will never take money from you!
What do I do if I don’t receive my payment?
If you don’t see the deposit in your account by the due date, the SSA recommends the following three steps:
- Confirm with your bank that there are no processing problems.
- Wait at least three business days before filing a claim with the SSA.
- Contact your local Social Security Office or visit the official SSA website: www.ssa.gov.
Now that you’ve learned the most important SSDI tips, mark the dates on your calendar so you don’t forget to make your payments! Start 2025 by achieving your goal of getting organized!