As August approaches, it’s crucial for Social Security recipients to prepare for their upcoming payments and adjust their budgets accordingly. Social Security Administration (SSA) has scheduled six payments for next month, with the possibility of some recipients receiving multiple checks. Here’s a detailed breakdown of what to expect.
Social Security $1,918 or $1,537 Payments in Early August
Important Payment Dates
Social Security recipients can expect an important scheduling change in early August. Normally, retirees who started receiving Social Security before May 1997 get their benefits on the 3rd of each month.
However, because August 3 falls on a Saturday this year, the payment date has been moved up to Friday, August 2. This adjustment ensures that retirees will receive their money one day earlier than usual, preventing any delays due to the weekend.
Dual Payments for SSI and Social Security Recipients
For those receiving both Social Security and Supplemental Security Income (SSI), there will be two payments on consecutive days:
August 1: SSI payment
August 2: Social Security retirement or disability benefits
This applies not only to retirees on SSI but also to those receiving Social Security Disability Insurance (SSDI) alongside SSI. Therefore, recipients should plan for the arrival of these consecutive payments and manage their finances accordingly.
In addition to the early August payments, the SSA will issue mid and late month payments on the following dates:
August 14
August 21
August 28
Average Payment Amounts
The average payment amounts for Social Security recipients are as follows:
Retirees: Approximately $1,918
SSDI Recipients: Approximately $1,537
SSI Recipients (Age 65 and Older): About $574
SSI Recipients (Ages 18-64): About $743
SSI Eligibility and Benefits
If you are struggling financially, consider applying for SSI. This program provides additional financial support to eligible individuals with limited income and resources. Here’s a quick overview of the eligibility criteria:
Age and Disability: Must be aged 65 or older, or between 18-64 and disabled.
Income: Must have limited income and resources.
Citizenship: Must be a U.S. citizen or meet certain non-citizen requirements.
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