Social Security Benefits: Upcoming Payments for Retirement and Disability
Social Security Benefits Overview
Two rounds of Social Security payments for retired and disabled Americans will be made this week. All Social Security benefits are paid directly into bank accounts by the Social Security Administration (SSA), with tens of millions of recipients receiving cash monthly.
Payment Schedule
- First Payment: Tuesday, October 1, for Supplemental Security Income (SSI) recipients.
- Second Payment: Thursday, October 3, for beneficiaries who have been claiming since before May 1997.
Recipients are advised to wait three working days before contacting the SSA if their payment hasn't arrived on schedule.
Retirement Benefit Insights
As of January 2024, the average monthly retirement benefit for Social Security claimants is $1,907. This amount is determined by considering an individual's 35 highest-earning years. Adjustments for inflation are also factored in.
Additional Resources
For more detailed information, please visit the SSA's official website.
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