Social Security Payments of $1,976 Distributed January 22

January's Social Security payments are scheduled to continue with the third round of distributions on January 22, with retirees born on or after the 21st of a month receiving payments of up to $5,108 for those retiring at age 70. Payments are based on the retiree's birth date, with earlier groups having received their payments on January 8 and January 15. Social Security benefits can vary significantly depending on retirement age, with amounts ranging from $2,831 at age 62 to $5,108 at age 70. Additionally, the average Social Security payment for 2025 will reflect a 2.5% Cost-of-Living Adjustment (COLA), increasing the average benefit to $1,976. Analysts warn that without Congressional action, full Social Security payments could be at risk as early as 2034 due to demographic shifts. These adjustments are crucial for many retirees who rely on these funds for financial stability in their post-work years.