This week, new Social Security Payouts will be sent to millions of people who get money from the Supplemental Security Income (SSI) and Retirement, Survivors, and Disability Insurance (RSDI) programs. These funds pay for important things like housing, food, medical care, transportation, and fun.
It’s very important for seniors who depend on these payments as their only source of income or who are struggling to make ends meet to have enough money to cover their monthly bills. Find out more about the two payments coming up this week if you are eligible for retirement and Supplemental Security Income benefits.
Table of Contents
Who will receive payments?
The Social Security Administration (SSA) sends five rounds of payments to people who are qualified every month. These payments are sent to more than 67 million people every month. Seniors, disabled people, and low-income families are some of the people who count on these funds to stay alive. Knowing when the payments will be made can help the recipients better plan their money.
Help From SSI
People who get Supplemental Security Income always get their money on the first of the month, unless that day is a government holiday or the weekend. In this case, the payment is moved to the business day before. Here are the times that SSI will be paid next:
Benefits for Retirement
Senior citizens who got benefits before May 1997 and those who got benefits after that are split into two groups by the SSA. The third of every month is when the first group always gets paid. The second group gets money based on the date they were born:
| Month | Payment Date | Day |
|---|---|---|
| August | August 1st | Thursday |
| September | August 30th | Friday |
| October | October 1st | Tuesday |
| November | November 1st | Friday |
| December | November 29th | Friday |
Benefits for retirement
Senior citizens who got benefits before May 1997 and those who got benefits after that are split into two groups by the SSA. The third of every month is when the first group always gets paid. The second group gets money based on the date they were born:
- People who retired before 1997 and got payments every third of the month.
- People who retired after 1997 and were born between January 1 and October 10 are eligible.
- Wednesday the third: People who retired after 1997 and were born between November 11th and December 20th.
- Fourth Wednesday: People who retired after 1997 and were born between January 21 and December 31.
If you were born between July 21 and July 31, the SSA will give you your last payment of the month next week, on July 31. People who get SSI will get their benefits the next day, on Thursday, August 1st. If you don’t get your monthly check on time, you should wait at least three mailing days before calling SSA customer service.
Amounts Paid
People who get SSI will get an average of $698 next week, and seniors will get up to $1,900. Payment amounts depend on the type of tax return you file, your full retirement age, how long you worked, and how much you paid into Social Security. Here are some specifics about the amounts of the payments:
Beneficiaries can plan their monthly budgets and make sure they have enough money to cover basic costs if they know these numbers.
| Payment Type | Average Amount | Other Payment Amounts |
|---|---|---|
| Retirement Benefits | $1,900 | Age 62: $2,710 |
| Age 67: $3,822 | ||
| Age 70: $4,873 | ||
| SSI Benefits | $698 | Individuals: $943 |
| Couples: $1,415 | ||
| Essential person: $472 |
Conclusion
For millions of Americans, the next Social Security checks are a lifesaver. Beneficiaries can better handle their money if they know when and how much they will be paid. If you’re waiting for a payment, keep an eye on the due date and know what to do if it gets late.
FAQs
When will people who get SSI get their money this month?
People who get SSI will get their money on August 1.
How much will people who are retired get next week?
In general, retirees will get up to $1,900.
What should I do if I don’t get my check on time?
Don’t call SSA customer service for at least three delivery days.
