The end of August is near, which means for many people, those pesky bills will start to pile up. One group of American citizens will, luckily, be receiving some additional income very soon. Payouts of $2,000 have been confirmed, making the end of August and its upcoming expenses a little more bearable. Check today who will qualify for the maximum payments and when to expect them. Who knows, perhaps it could be you who will be jumping with joy before the start of a new month.

Additional income is crucial for this reason

The United States’ economy is treading on a fine line between an upturn and a recession. The federal government’s data has indicated that hiring has severely slowed down throughout the summer. A jobs report declared that the first half of 2025 only had an average of 1.2% annual growth, which is much lower compared to the previous year.

This is quite troubling, as many people are struggling to make ends meet with the high inflation rate and cost of living. This is forcing people to work longer than planned, as everyday life is too expensive. However, this is why knowledge about the Social Security Administration (SSA) and its social insurance is vital. Millions of Americans rely on the agency for additional income, including retirees, survivors, and people with disabilities.

This additional income, distributed in the form of monthly benefits, helps people afford essentials such as housing, health care, and groceries. It is thanks to the SSA that there will be $2,000 payouts soon.

This is why there will be $2,000 payouts

One of the three main types of Social Security benefits, namely retirement benefits, is paid out monthly to qualifying beneficiaries. The SSA utilizes a set payment schedule to distribute these benefits, which ensures that beneficiaries receive their money on time and that the system does not become overloaded. Social Security is typically distributed on the second, third, and fourth Wednesdays each month.

To ensure even more punctuality, beneficiaries are categorized according to their birth dates of any given month. This means, only one group of beneficiaries will be receiving their benefits soon. This group includes anyone with birth dates that fall between the 21st and the 31st of any given month. If you fall in this category, but do not receive your benefits on time, wait three mailing days before reporting it to the SSA. Take note that the SSA has implemented a change that will affect one group of beneficiaries.

This is when payments will be distributed

According to the Social Security payment schedule, the last group of Social Security beneficiaries will be receiving their retirement benefits on:

Wednesday, August 27, 2025

Only one group of citizens will qualify for a maximum payment

When planning your monthly budgets, it is important to know how many benefits you will receive, as not everyone receives the same benefit amount each month. According to the Social Security monthly statistical snapshot, the average retirement benefit is $1,952.23. For some beneficiaries, it could be more, and for others it could be less.

 A summary of the average Social Security retirement benefits each month

Retired workers – average of $2,006.69 monthly
Spouses of retired workers – average of $954.19 monthly
Children of retired workers – average of $924.47 monthly

Of course, there is an unknown loophole to increase your monthly retirement benefits, and it is completely legal. To give you a hint, it has to do with the age you retire and start claiming benefits. Delaying those ages will significantly boost your monthly benefits. Just ensure that your decision takes your overall health and life expectancy into consideration. Remember, it only boosts your monthly amount, and not your lifetime amount. For those who are awaiting the upcoming payment date, enjoy and spend it wisely!

Disclaimer: This content is informational only and does not supersede or replace the SSA’s or IRS’s own publications and notices. Always verify any specific dates and amounts by following the direct links in our article to SSA.gov or IRS.gov, or by consulting your local SSA field office or tax professional.