The Social Security Administration is delivering new monthly payments on July 10. These payments are for those retirees whose birthdays are from the 1st to the 10th of any month.
The amount of your payment will depend on your work history and personal background. But average payments can be worth $1,916. If your money is not due on July 10, there are 2 more paydays left in July.
Social Security on July 17
As a matter of fact, the Administration will send a new monthly payment on July 17. That is, on the third Wednesday of the month. The average payment amount will also be $1,916.
Spouses of retired workers can get about $910 on average. The average monthly benefit for eligible children of retired workers will be about $893. Social Security can also make payments to some qualifying family members.
For your information, it is necessary to file and get approval before you can enjoy monthly benefit payments in the United States. If you are not eligible for July 10 or July 17, check for the last payday.
Social Security on July 24
This will be the last payday in July for retirees in the United States. July 24 will be a payment date for those whose birthdays are after the 20th of any month.
So, if you were born from the 21st to the 31st, your next payment date will be on July 24. The maximum benefit amount will be $4,873 in July for all those seniors who meet 4 requirements.
If you filed at 70, worked for 35 years in jobs covered by Social Security and earned the contribution and benefit base all those years, you can get $4,873. Early filing will reduce your payment amount.
That is why you should not file at 62 if you need this Social Security money. Filing at Full Retirement Age is the only possibility to receive 100% of your benefits in July and in any other upcoming months.