Millions of retirees are not eligible for Social Security on August 14, when will they receive a new direct payment?

Direct payments are arriving in retirees' bank accounts if they qualify for the August 14 Social Security payment, check if you are one of them

Millions of retirees are not eligible for Social Security on August 14, when will they receive a new direct payment?

Social Security direct payment eligibility for August

While some seniors can receive a Social Security payment on August 14, others may have already spent the direct deposit or check they collected back on August 2, 2024. To get money on August 14, 2024, your birth date must be on: the 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, or 10th.

Apart from that, you must have collected Social Security after April 30, 1997, and you cannot receive SSI (Supplemental Security Income) payments. But what if you are not eligible for this check and you are on retirement benefits?

1 Social Security direct deposit due in one week

As a matter of fact, there will be another Social Security payment on August 21, 2024. Most of the conditions to get this direct deposit or checks are the same as for the one on the 14th.

However, there is an important change in the birth date. These direct deposits will only be for those who were born on the 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, and 20th.

If you do not meet the birthday requirement for the August 14 or August 21 payment, you could still receive money in August. Some will have to wait until September to cash their next check.

1 Social Security direct deposit due in 2 weeks

August 28 will be the last Social Security payment date for many retirees in the United States. Do not forget that, once more, the birthday requirement is essential. Those who were born after the 20th will qualify.

Of course, if they do not receive SSI and did not start getting Social Security before May 1997. Average payments for August 14, 21, and 28 are about $1,918. That is the average payment as of June 2024.

Some seniors who filed for Social Security at 62 can receive up to $2,710. Others may get up to $3,822 if they filed at Full Retirement Age. In 2024, the largest payment will be worth $4,873 if you earned the contribution and benefit base for 35 years, filed at 70 and had jobs covered by SSA. If you got it on August 2, September 3 will be your next payday.

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