The Social Security Administration will not send money in the next two payments to those retirees who have already qualified for any of the 2 previous paydays. So, if you got a check or direct deposit on August 2, you will not receive the payment on August 21 or 28.
In the same way, those who received their money on August 14 will not qualify for checks or direct deposits on August 21 or 28. Then, it is time to know when they will receive money from the Social Security Administration (SSA) in September.
Social Security payments in September
If you qualified for a monthly payment from SSA on August 2, your next payday will be on September 3. Bear in mind that to be eligible you must have started receiving payments before May 1997.
What is more, you may be eligible if you receive Social Security retirement benefits and SSI payments at the same time. So, there are only 2 different ways to qualify for the September 3 payday for retirees.
If you collected retirement benefit payments after April 30, 1997, and your birth date is from 1-10, your next payment date will be due on September 11, 2024. But what about the possible amounts?
Social Security amounts for September: average & maximum
The maximum amount a retiree can receive in 2024, regardless of the payday, is $4,873. That is only possible if you have filed at 70, earned the taxable maximum and worked for 35 years in jobs covered by SSA.
If you meet all these requirements but you file at Full Retirement Age, you can just receive up to $3,822. Those who opt for early filing at 62 can receive up to $2,710. Anyway, average payments are not so high.
For your information, as of June 2024, the average retirement benefit payment is worth $1,918. The same paydays for retirees can also be for SSDI payments. SSDI recipients can get a check or direct deposit of up to $3,822 or $1,537 on average.
What is the average retirement benefit payment as of 2024?
- As of May 2024, the average monthly Social Security check for retired workers is $1,917. This is after a 3.2% cost-of-living adjustment (COLA) in 2024, which was the third-highest COLA in the last decade.
- The estimated average monthly Social Security retirement benefit for January 2024 was $1,907. The average amount changes monthly.
As of July 2024, retired workers receive an average monthly benefit of $1,919.40, which is about 8% more than the overall average for all Social Security recipients of $1,782.74. - Retirement benefits make up 79.2% of total Social Security payouts. The average monthly benefit for all retirement beneficiaries is $1,871.09 as of July 2024.
- The maximum possible Social Security benefit depends on the retiree’s age when they start collecting. In 2024, the maximum benefit is $2,710/month if claiming at 62, $3,822/month at full retirement age, and $4,873/month if waiting until age 70.