The are over 70 million Americans who receive a payment from the Social Security Administration in the United States. These checks are only for those who have worked and paid enough taxes.
What is more, they filed once they qualified and got approval, so this money is not for everyone. In fact, there will only be 2 groups of beneficiaries who can receive a benefit payment this week. Social Security will only send retirement and disability benefits.
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SOCIAL SECURITY DISABILITY INSURANCE
In fact, there will be an SSDI payment on May 22. This benefit is only for those who have had a disability for over a year that prevented them from working. Besides, they must have worked for a minimum number of years.
Overcoming a disability may result in the loss of this Social Security Insurance benefit, so it is essential to report any health improvements. But what about the maximum and average SSDI amounts? To get this check, you must have been on benefits after April 30, 1997, and have your birthday from 21-31.
SSDI can provide beneficiaries with a check worth up to $3,822. Reality is far from this maximum amount since most recipients collect on average $1,537. It is not possible to earn more money because they did not have enough time to work due to their disability.
SOCIAL SECURITY RETIREMENT BENEFITS
Some retirees will also have to wait until May 22 to collect their Social Security benefits. This will be the last payment in May for retirees, so those who got their money will have to wait for the June payments on June 3, 12, 18, and 26.
In order to be eligible for this retirement check, seniors must have been born from the 21st to the 31st of any month. If you filed for Social Security before May 1997 you do not qualify, your next check will then be on June 3.
As for the average payment, retirees can get about $1,915 from the Administration. The maximum amount will depend on the age you file for benefits. At 62 you could get up to $2,710 on May 22. At Full Retirement Age, up to $3,822 and $4,873 at 70.