Social Security payments are expected to hit an all-time high in June, reaching an average of over $2,000 per person.

Average payments reached $1,999.97 for retired workers in April, according to the Social Security Administration’s monthly snapshot, while the average payout for all Social Security beneficiaries was $1,855.57.

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The annual Cost-of-Living Adjustment is made at the start of each year, with payments typically rising within the single-dollar range each month. They increased by about $19 from February to April.

June Social Security payments, which will start on June 11, fluctuate based on a few factors, including spending trends among working consumers. The use of this data as a point of reference has been criticized in the past, with some saying that working consumers and retired consumers spend very differently. 

The payment schedule is based on birthdate, with those being born first in the month receiving their checks first. The system is based on which Wednesday in the month retirees will receive their checks.

The nonpartisan advocacy group The Senior Citizens League reported that from 2010 to 2024, Social Security checks had lost about 20% of their buying power, according to their surveys. Analysts at The Committee for a Responsible Federal Budget believe Social Security funds are in trouble, with the budget expected to be cut by 17% in a decade and chopped further from there. Causes of the Social Security crisis, according to the committee, are higher life expectancies coupled with lower birth rates.

The amount received in one’s check depends on a few factors. Those who retire later earn more. The maximum amount anyone is currently able to receive is $5,108 if they retire at age 70, depending on the pay they earned during their career. The maximum allowance when retiring at the youngest possible age, 62, is $2,831.

Social Security payments are based on up to 35 years of a retired worker’s earnings. Those who retire at 62 are paid 30% less than the full amount. There is also the option of a delayed retirement credit of 8% before the age of 69. Other types of benefits received, such as disability, can also play into the amount.

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The Windfall Elimination Provision and Government Pension Offset have been hotly debated topics relating to Social Security. Their joint repeal went into effect in January as part of the Social Security Fairness Act. These two provisions determined that many civil service workers, such as teachers and firefighters, should not receive Social Security benefits because they did not pay into it. This is now being back-paid, and already-received benefits are being increased for the nearly three million people affected. 

The Social Security Administration did not respond to the Washington Examiner’s request for comment.