$1,900 Payment for Americans Age 61 and Up – Arriving August 14th

In August 2024, thousands of U.S. citizens, including retirees and those on Social Security Disability Insurance (SSDI), are set to receive a new Social Security payment averaging around $1,900. For those eligible, the next payment will be made on August 14. Here’s everything you need to know about who qualifies for this payment, how much you might receive, and how to ensure you get your money as quickly as possible.

Who Is Eligible

To receive the upcoming Social Security payment on August 14, 2024, you must meet two key requirements:

1. Date of Birth: Your birthday must fall between the 1st and 10th of any month. This applies whether you are receiving retirement benefits or SSDI.
2. Timing of Initial Benefit Claim: You must have started receiving Social Security payments after May 1997. Those who began receiving benefits before this date do not qualify for the August 14 payment but may be eligible for other payments later in the month.

Spousal Benefits

In addition to retirees and SSDI recipients, some spouses may also receive payments on August 14. If you have claimed and qualified for spousal benefits, you could receive an additional check. The average spousal benefit is around $910, which can significantly boost household finances.

Payment Dates

If you do not qualify for the August 14 payment, there are additional opportunities to receive Social Security benefits in August:

• August 21: For recipients with birthdays between the 11th and 20th of any month.
• August 28: For recipients with birthdays between the 21st and 31st of any month.
• August 30: Supplemental Security Income (SSI) recipients may receive a second payment due to a calendar irregularity. This is an advance payment for September and not an extra or bonus check.

amount

The amount of your Social Security payment can vary depending on whether you’re receiving retirement or SSDI benefits:

• Retirement and SSDI: The average payment is approximately $1,900, but this can vary based on your work history and earnings.
• SSDI: The average SSDI payment is $1,537, but those who meet specific criteria, such as being high earners with 35 years of work history, could receive up to $3,822.

How to Receive

To ensure you receive your Social Security payment as quickly as possible, it’s recommended to set up Direct Deposit. Direct Deposit is the fastest and safest way to receive your payments from the Social Security Administration (SSA). Here’s how you can set it up:

1. Visit or Call the SSA: You can apply for Direct Deposit by visiting your local Social Security office or by calling the SSA.
2. Provide Your Bank Details: You’ll need to provide your bank account details, including your routing and account numbers, to set up Direct Deposit.
3. Wait for Confirmation: Once set up, your payments will be deposited directly into your bank account on the scheduled payment date.

For those still receiving paper checks, there may be a slight delay in receiving your payment. If you don’t receive your check within three mailing days, you should report the delay to the SSA.

Supplemental Security Income (SSI)

SSI recipients can also opt for Direct Deposit to receive their payments faster. In some cases, SSI payments are sent in advance, which may result in two deposits in a single month. For example, an SSI payment scheduled for September may be sent ahead of time on August 30. It’s important to note that this is not an extra payment, but rather an advance on the following month’s benefit.

Knowing when and how you will receive your Social Security payments can help you better manage your finances. Whether you’re a retiree, an SSDI recipient, or a spouse receiving benefits, knowing your payment schedule and setting up Direct Deposit can ensure you receive your money on time and without hassle.

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