December’s Supplemental Security Income payment, worth up to $943, will go out to millions of people in six days. The next set of SSI payments will be distributed on Nov. 29 because Dec. 1 is a Sunday.

Social Security payments are issued monthly to recipients, and in December another round of payments will reach tens of millions of claimants across the country. Some 72.5 million Americans get checks every month,

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).

The reason Social Security benefits are eligible for an automatic cost-of-living adjustment (COLA) each year is that without an inflation-based boost, seniors would be guaranteed to lose buying power from one year to the next.

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.