64-Year-Olds in the USA to Receive an Average Social Security Payment of $1,471 in 7 Days

A number of 64-year-olds have not yet received their Social Security payment for February. However, there’s no need to worry, as the Social Security Administration (SSA) has scheduled three more payment dates for February. This means that those who have yet to receive their payments should see them soon.

It’s important to note that these upcoming payments are not exclusive to 64-year-olds. The payment amounts vary by age group. Due to the 2025 Cost-of-Living Adjustment (COLA) increase, all retirees, including 64-year-olds, will receive a 2.5% increase in February compared to the amounts they received in 2024.

Who Will Receive Social Security Payments on February 12?

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The U.S. Government, via the Social Security Administration (SSA), has confirmed that in order to receive their Social Security payment on February 12, you must meet the following criteria:

• Retired after April 30, 1997
• Not receiving Supplemental Security Income (SSI) benefits
• Born between the 1st and 10th of any month

This payment is not exclusive to 64-year-olds but also includes seniors who are 62 years of age or older. However, individuals born between the 11th and 20th of the month will not receive their payment until February 19.

When Will Other 64-Year-Olds Receive Their Payments?

For those born between the 21st and 31st, the last payment for 64-year-olds is scheduled for February 26, 2025. These individuals are expected to receive a monthly payment of approximately $1,471.

Have You Not Claimed Your Social Security Yet?

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It is possible that many 64-year-olds have yet to apply for their Social Security retirement benefits. If you are wondering when the best time to apply would be, it’s important to understand how delaying your application affects your payments.

If you delay applying for Social Security benefits until the age of 70, you will receive larger monthly payments. The Social Security Administration offers a 24% increase in monthly benefits if you file at 70 instead of at Full Retirement Age (FRA).

It’s worth noting that 65 is no longer considered the Full Retirement Age. If you are looking to maximize your monthly payments, it might be in your best interest to delay your application as long as possible, as this will increase your benefits.

Social Security Filing Age and Benefits Table

In conclusion, 64-year-olds can expect their Social Security payments to be issued soon, depending on their birth date.

The COLA increase of 2.5% will be applied to all retirees’ benefits for February, providing some extra relief.

Those who have yet to claim their benefits may want to consider the best time to apply, especially if they want to maximize their monthly payments by delaying their claim until the age of 70.

FAQs

How much is the 2.5% COLA increase for February 2025?

The 2.5% COLA increase means that retirees will receive 2.5% more than they did in 2024 for their monthly payments in February 2025.

Will 64-year-olds get the same amount of Social Security as older retirees?

The payment amount varies by age group, but 64-year-olds are receiving their share of the COLA increase in February. Those who haven’t filed yet may see higher payments if they delay their retirement.

What happens if I delay my Social Security benefits until 70?

If you delay your benefits until 70, you will receive 24% more than you would if you filed at your Full Retirement Age (FRA).