Social Security Disability Insurance (SSDI) and retirement benefits share payment dates. Therefore, it is possible to receive money on the same day. However, requirements and amounts are completely different.
For example, to get Social Security retirement benefits you must file at 62 or later. Besides, you must have worked for a minimum of ten years. Ideally, you should have worked for at least 35 years not to get a reduction. For SSDI, you must have a qualifying disability and have worked for the necessary years.
Social Security in 2 days, eligibility
Whether you receive SSDI or retirement benefits, the Administration will ensure you meet the birthday requirement. For example, if you were born from 1-10, July 10 may be your payment.
Do not forget that the remaining payments are only for those who are not on SSI and did not collect payments before May 1997. Those retirees and disability insurance recipients whose birthdays are from 11 to 20 will get money on July 17.
Recipients born from the 21st to the 31st will get money on the 24th. So, these will be the last retirees and disability recipients to receive money from Social Security in July.
Social Security amounts for SSDI and retirement
For your information, the amount of your Social Security check or direct deposit is made to measure. That is, there is no common amount for all recipients. The only shared amounts are average payments.
The average check for SSDI is $1,537. Even if disability recipients can get up to $3,822 from Social Security, it is extremely difficult to achieve it. A disability prevents workers from working and paying the necessary taxes to the Administration.
Retirement benefits can be up to $4,873. However, the average retirement benefit is worth $1,916. It continues increasing because of COLAs but inflation is making seniors lose buying power a report from the Seniors Citizen League shows.