$1,343 Social Security Payment for 62-Year-Olds on March 26

Social Security is an important financial aid in the United States after retirement, which is given to eligible senior citizens every month. This payment is usually issued on the second, third, or fourth Wednesday of the month. However, some retirees who have been receiving Social Security since before May 1997 or are SSI beneficiaries got the payment on March 3. But those who applied after April 30, 1997, will receive their Social Security amount on March 26, 2025.

Who will receive a Social Security payment on March 26, 2025?

If you want to know whether you will get a Social Security payment on March 26, then the following conditions must be met:

You started receiving Social Security after April 30, 1997.
You are not an SSI (Supplemental Security Income) beneficiary.
You were born between 21 and 31.
You applied on time and your application was approved by the SSA (Social Security Administration).

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If you haven’t applied yet, keep in mind that you can apply for retirement at age 62, but this reduces your payment amount. Those who apply at age 62 receive a lower payment by about 30%. On the other hand, applying at age 70 results in a higher amount due to “Delayed Retirement Credits.”

Who can get $1,343 from Social Security?

As of January 2025, the average retirement payment was $1,978 per month. But if you retired at age 62, your average Social Security amount would be about $1,343 per month.

In 2024, the average payment was $1,311, but in 2025 it increased by 2.5% due to the COLA (Cost of Living Adjustment) increase. That’s why a 62-year-old retiree could get $1,343 on March 26, 2025.

Can Social Security payments be as high as $5,108?

It’s true that the Social Security Administration pays some people up to $5,108 per month. But this benefit is only available to those who have paid the maximum taxes during their entire service period and fully met the eligibility criteria.

In general, most seniors don’t receive this much money. But if you’ve earned a high salary for a long time and retired at age 70, you can get close to the maximum benefit.

How much will Social Security payments increase in 2026?

The maximum limit for Social Security payments will remain the same in 2025. That is, there will be no change in the amount you will receive after March 26, 2025.

However, a new COLA increase will take effect in January 2026, which could increase the amount of the payment. According to the Senior Citizens League, the 2026 COLA increase could be around 2.2%, which is likely to give retirement beneficiaries some extra money.

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Conclusion

If you retire at age 62, you will receive a Social Security payment on March 26, 2025, provided you apply and the SSA approves your eligibility. On average, this amount will be $1,343 per month, but it could be higher if you have paid taxes up to the highest limit throughout your earnings.

Also, if you want to receive the maximum Social Security benefits, retiring at age 70 may be a better option. The COLA increase in January 2026 may lead to changes in the payment amount in the future, so it is important to check the latest updates from time to time.