Retirees who began receiving Social Security benefits before May 1997 will get a payment on August 2. However, this will not be the only group of eligible recipients in early August.
This is because the Social Security Administration also delivers checks and direct deposits to those citizens who get both retirement and SSI (Supplemental Security Income) benefits.
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Who can receive $1,918 from Social Security on August 2?
If you qualify for an average payment, you will receive $1,918 on August 2. This will be the average payment, so some retirees will receive less money while others will get a lot more.
For example, if you had a low salary, worked for just ten years in jobs covered by the Administration, and did not wait until you were 70 to file, you must have a low benefit.
On the contrary, those citizens who were high earners for many years filed at 70 and worked for more than 35 years will get the largest Social Security checks. In fact, they can be up to $4,873 at 70, up to $3,822 at Full Retirement Age (66 years and 8 months old), and up to $2,710 at 62.
Who can get a Social Security check after August 2?
There are three groups of retirees who can receive money from the Administration after August 2, 2024. The thing is they cannot be on SSI and they can’t have been on Social Security before May 1997.
Moreover, they must meet the birthday condition. For example, if you get Social Security on August 14 it is because you were born before the 11th of any month.
The Social Security payments on August 21 and 28 will be for those whose birthdays are from 11-20 or 21-31 respectively. As for the amounts, they may also qualify for an average payment of $1,918, but it will depend on the worker’s background.
Those who get SSI on August 1 will also get a payment on August 30, but it is the payment for September. SSI maximum amounts can be $943 for individuals and $1,415 for eligible married couples.