December’s Supplemental Security Income payment, worth up to $943, will go out to millions of beneficiaries on Friday. The next SSI payments are scheduled to be distributed on Nov. 29 because Dec.

An important aspect of Social Security benefits is the monthly payouts increase they receive in most years to (somewhat) keep up with inflation. This is called the Social Security cost-of-living adjustment (COLA).

Social Security beneficiaries will see a 2.5% increase in their benefits starting in 2025. This cost-of-living adjustment (COLA) is the lowest since January 2021, which saw a 1.3% adjustment. The average recipient will see an increase of about $50 per month.