Lawmakers don't want to see those cuts happen, so they've been talking through different solutions to prevent them. And one such solution is to raise Social Security's full retirement age. Currently, that age is 67 for anyone born in 1960 or later. Some lawmakers feel that pushing that age to 69 could help prevent broad Social Security cuts.

Combined SSI and Social Security: If you receive both and your Social Security start date predates May 1997, you’ll see the SSI portion July 1, 2025 and the Social Security portion July 3, 2025. Otherwise, Social Security follows the Wednesday schedule above and SSI hits July 1.