Social Security payments can be worth up to $4,873 and eligible retirees need to get ready to receive such a large check or direct deposit. If you were a high earner for more than 3 decades and a half, you may qualify for such a large retirement benefit in the United States. Even if you do not qualify for such a large amount, you may receive some money from the Agency.
There are just 3 Social Security payments left in 2024, then, all retirees will benefit from the Cost-of-Living Adjustment for 2025. In fact, all retirement benefits will increase by about 2.5%. SSDI and Supplemental Security Income (SSI) recipients will also take advantage of this boost. But those receiving the SSI benefit will enjoy it from December 31, 2024.
New Social Security payment of $4,873 on December 11, 2024
If you got benefits after April 30, 1997, and you are not receiving SSI benefit payments, your next check could be due on December 11. Meeting the birth date requirement will be necessary though.
Thus, if you were born from the first through the tenth of any month, and have filed and got approval after April 30, 1997, your next monthly payment of up to $4,873 will be issued on December 11.
As you may have guessed, this is the first round of the Wednesday payments. Other retirees will receive their money on December 18 or December 24, 2024. Check eligibility below:
- Retirement payment due on December 11: birthday from 1-10
- Retirement payment due on December 18: birthday from 11-20
- Retirement payment due on December 24: birthday from 21-31
Eligibility for the largest Social Security payment in December
Do not forget that only a few retired workers can get up to $4,873. Most may be closer to the average payment worth $1,927. To get the largest payment in 2024 or 2025, you must have worked for 35 years at least.
What is more, you must have filed at the age of 70. Since many American workers file at 62, they get a 30% reduction in their Social Security instead of benefiting from delayed credits.
Finally, you must ensure you have had jobs covered by SSA and you have earned the contribution and benefit base (taxable maximum) for 35 years. This last condition is the most challenging since it’s $168,600 in 2024 and it keeps increasing due to inflation.
