Written By: Anushka
Over 55 million retirees will receive this month’s final Social Security direct deposit within hours. Be sure to check your bank accounts.
This payment is for retirees born between the 21st and 31st, who claimed benefits after May 1997, and met all retirement conditions.
The average Social Security payment is $1,900 per month, but can range up to $4,873 based on factors like FRA and maximum taxable earnings.
The SSA will resume payments on August 1st for SSI recipients. Here’s the detailed payment schedule for August.
SSI recipients who meet income and resource requirements will receive their benefits on August 1st.
Benefits for retirees, survivors, and disabled individuals who collected benefits before May 1997 will be delivered on August 2nd.
Retirees, survivors, and disabled individuals born between the 1st and 10th will receive benefits on August 14th.